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Financial Innovation

Table 3 Johansen co-integration test using Max-Eigen Statistic

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

Johansen co-integration test using Max-Eigen Statistic

Hypothesized No. of CE(s)

Eigenvalue

Max-eigen statistic

5 Percent critical value

Probb

None a

0.505093

30.24556

27.58434

0.0222

At most 1

0.357834

19.04508

21.13162

0.0955

At most 2

0.174253

8.233090

14.26460

0.3555

At most 3

0.039806

1.746665

3.841466

0.1863

  1. Max-eigenvalue 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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