Table 4.
Cointegration test results
Level of significance (%)
Lower limit
Upper limit
Wald test-
F
statistics
10
2.08
3.00
3.5270
5
2.39
3.38
2.5
2.70
3.73
1
3.06
4.15
Level of significance (%)
Lower limit
Upper limit
Wald test-
F
statistics
10
2.08
3.00
3.5270
5
2.39
3.38
2.5
2.70
3.73
1
3.06
4.15
Source:
Authors’ calculation
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