Table 3. Co-integration vector... | Emerald Publishing

Table 3.

Co-integration vector statistics

Particulars	Zero co-integrating vector (r = 0)		One co-integrating vector (r = 1)		Two co-integrating vectors (r = 2)
Particulars	Trace	Max Eigen	Trace	Max Eigen	Trace	Max Eigen
Test statistics	274.36	119.52	154.85	109.06	45.79	45.79
Critical Values
10%	32.00	19.77	17.85	13.75	7.52	7.52
5%	34.91	22.00	19.96	15.67	9.24	9.24
1%	41.07	26.81	24.60	20.20	12.97	12.97

Particulars	Zero co-integratingvector (r = 0)		One co-integratingvector (r = 1)		Two co-integratingvectors (r = 2)
Particulars	Trace	Max Eigen	Trace	Max Eigen	Trace	Max Eigen
Test statistics	274.36	119.52	154.85	109.06	45.79	45.79
Critical Values
10%	32.00	19.77	17.85	13.75	7.52	7.52
5%	34.91	22.00	19.96	15.67	9.24	9.24
1%	41.07	26.81	24.60	20.20	12.97	12.97

Source: Authors’ calculation based on secondary data