Johansen cointegration test for Pryor’s version of Wagner’s law
| Hypothesized no. of CE(s) | Eigenvalue | Test statistic | Probability |
|---|---|---|---|
| Johansen cointegration trace statistic | |||
| None * | 0.445847 | 41.70780*** | 0.0000 |
| At most 1 | 0.154654 | 9.240535*** | 0.0024 |
| Johansen cointegration maximum Eigenvalue statistic | |||
| None * | 0.445847 | 32.46727*** | 0.0000 |
| At most 1 | 0.154654 | 9.240535*** | 0.0024 |
| Hypothesized no. of CE(s) | Eigenvalue | Test statistic | Probability |
|---|---|---|---|
| None * | 0.445847 | 41.70780 | 0.0000 |
| At most 1 | 0.154654 | 9.240535 | 0.0024 |
| None * | 0.445847 | 32.46727 | 0.0000 |
| At most 1 | 0.154654 | 9.240535 | 0.0024 |
Note:
The
***in the table of result for Johansen cointegration denotes that the null hypothesis of the existence of no cointegrating vectors is rejected at a 1% level of significance
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