Table 5 “Johansen cointegration test”...

Table 5

“Johansen cointegration test” (trace statistics) result

H₀	H₁	Trace statistics	5% critical value	Prob. value*
r = 0	r = 1	34.74190	29.79707	0.0124
r ≤ 1	r = 2	7.902533	15.49471	0.4759

Note(s): *p-values by MacKinnon-Haug-Michelis (1999)

Source(s): Calculated by authors

Sharing Unavailable