Johansen cointegration test for Gupta’s version of Wagner’s law
| Hypothesized no. of CE(s) | Eigenvalue | Test statistic | Probability |
|---|---|---|---|
| Johansen cointegration trace statistic | |||
| None * | 0.416245 | 38.09317*** | 0.0000 |
| At most 1 | 0.143010 | 8.488086*** | 0.0036 |
| Johansen cointegration maximum eigenvalue statistic | |||
| None * | 0.416245 | 29.60509*** | 0.0001 |
| At most 1 | 0.143010 | 8.488086*** | 0.0036 |
| Hypothesized no. of CE(s) | Eigenvalue | Test statistic | Probability |
|---|---|---|---|
| None * | 0.416245 | 38.09317 | 0.0000 |
| At most 1 | 0.143010 | 8.488086 | 0.0036 |
| None * | 0.416245 | 29.60509 | 0.0001 |
| At most 1 | 0.143010 | 8.488086 | 0.0036 |
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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