Table 6 Johansen’s Cointegration test and long-run analysis
From: Determinants of private sector credit in Uganda: the role of mobile money
Null | Alternative | Eigen-value | \( {\widehat{\lambda}}_{trace} \) | 95% C.V (trace) |
|---|---|---|---|---|
r = 0 | r = 1 | 0.52 | 119.08 | 88.80 |
r ≤ 1 | r = 2 | 0.35 | 67.49 | 68.88 |
r ≤ 2 | r = 3 | 0.22 | 37.49 | 42.92 |
r ≤ 3 | r = 4 | 0.16 | 20.00 | 25.87 |
Normalized Cointegrating Equation: | ||||
\( \begin{array}{c}\hfill \mathrm{LPSC} = 0.474 + \hfill \\ {}\hfill \hfill \end{array}\begin{array}{c}\hfill 0.014\mathrm{LMMB}\hfill \\ {}\hfill (2.321)\hfill \end{array}\begin{array}{c}\hfill +0.005\mathrm{L}\mathrm{R}\hfill \\ {}\hfill (2.324)\hfill \end{array}\begin{array}{c}\hfill \hbox{-}\ 0.018\mathrm{LEXRT}\hbox{-} \hfill \\ {}\hfill \left(\hbox{-} 0.624\right)\hfill \end{array}\begin{array}{c}\hfill 0.001\mathrm{LCPI}\hfill \\ {}\hfill \left(\hbox{-} 2.601\right)\hfill \end{array}\kern1em (16) \) | ||||