Table 4. Johansen Fisher cointegration... | Emerald Publishing

Table 4.

Johansen Fisher cointegration test

Hypothesized no. of CE(s)		Trace	0.05
Hypothesized no. of CE(s)	Eigenvalue	Statistics	Critical value	Prob. **
None*	0.614737	99.56971	69.81889	0.0000
At most 1*	0.503250	67.13950	47.85613	0.0003
At most 2*	0.456034	43.35075	29.79707	0.0008
At most 3*	0.355821	0.452471	15.49471	0.6531
At most 4*	0.202581	0.356466	3.841466	0.0654

Hypothesizedno. of CE(s)		Trace	0.05
Hypothesizedno. of CE(s)	Eigenvalue	Statistics	Critical value	Prob. **
None*	0.614737	99.56971	69.81889	0.0000
At most 1*	0.503250	67.13950	47.85613	0.0003
At most 2*	0.456034	43.35075	29.79707	0.0008
At most 3*	0.355821	0.452471	15.49471	0.6531
At most 4*	0.202581	0.356466	3.841466	0.0654

Note:

CE = Carbon dioxide emissions

Source: Author’s computation