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Financial Innovation

Table 2 Johansen co-integration test using trace statistic

From: Economic outlook of rice crops in Pakistan: a time series analysis (1970–2015)

Johansen co-integration test using Trace Statistic

Hypothesized No. of CE(s)

Eigenvalue

Trace statistic

5 Percent critical value

Probb

None a

0.505093

59.27039

47.85613

0.0030

At most 1

0.357834

29.02483

29.79707

0.0612

At most 2

0.174253

9.979754

15.49471

0.2823

At most 3

0.039806

1.746665

3.841466

0.1863

  1. Trace test indicates 1 co-integrating equation at the 0.05 level,adenotes rejection of the hypothesis is at the 0.05 level, b Indicates values are accurate
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