Cointegration results
| Dependent variable | Function | F-statistic | Cointegration status | |||
|---|---|---|---|---|---|---|
| HCX | F(HCX|ELEC,EDU,INF,TOP) | 6.237*** | Cointegrated | |||
| LE | F(LE|ELEC,EDU,INF, OP) | 3.573* | Cointegrated | |||
| Critical Values | 1% | 5% | 10% | |||
| I(0) | I(1) | I(0) | I(1) | I(0) | I(1) | |
| 3.98 | 5.69 | 2.79 | 4.15 | 2.33 | 3.51 | |
| Dependent variable | Function | Cointegration status | ||||
|---|---|---|---|---|---|---|
| HCX | F(HCX|ELEC,EDU,INF,TOP) | 6.237*** | Cointegrated | |||
| LE | F(LE|ELEC,EDU,INF, OP) | 3.573* | Cointegrated | |||
| Critical Values | 1% | 5% | 10% | |||
| I(0) | I(1) | I(0) | I(1) | I(0) | I(1) | |
| 3.98 | 5.69 | 2.79 | 4.15 | 2.33 | 3.51 | |
Note(s): *, ** and *** denote stationarity at 10, 5 and 1% significance levels, respectively
Source(s): Table by the author
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