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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

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Table 9 Statistical results of unrestricted co-integration rank test (maximum eigenvalue)

From: Innovation, total factor productivity and economic growth in Pakistan: a policy perspective

Hypothesized Eigen value Max–eigenvalue 0.05
No. of CE (s) Statistic Critical value Prob.** (values)
None* 0.523 57.144 47.856 0.005
At most 1* 0.314 28.227 29.797 0.075
At most 2* 0.264 13.481 15.494 0.098
At most 3 0.037 1.508 3.841 0.219
  1. Max–eigenvalue test indicates 1 co-integrating eqn (s) at the 0.05 level
  2. *Denotes rejection of the hypothesis at the 0.05 level
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