Johansen cointegration test for Goffman’s version of Wagner’s law
| Hypothesized no. of CE(s) | Eigenvalue | Test statistic | Probability |
|---|---|---|---|
| Johansen cointegration trace statistic | |||
| None * | 0.391673 | 36.77244*** | 0.0000 |
| At most 1 | 0.157640 | 9.435109*** | 0.0021 |
| Johansen cointegration maximum eigenvalue statistic | |||
| None * | 0.391673 | 27.33733*** | 0.0003 |
| At most 1 | 0.157640 | 9.435109*** | 0.0021 |
| Hypothesized no. of CE(s) | Eigenvalue | Test statistic | Probability |
|---|---|---|---|
| None * | 0.391673 | 36.77244 | 0.0000 |
| At most 1 | 0.157640 | 9.435109 | 0.0021 |
| None * | 0.391673 | 27.33733 | 0.0003 |
| At most 1 | 0.157640 | 9.435109 | 0.0021 |
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
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.