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

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