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

Table 3 Johansen co-integration test results

From: Boundaries on Turkish export-oriented industrialization

Hypothesized no. of co-integration vectors Trace statistics Probability Maximum eigen-value statistics Probability
None 239.14 .0000* 40.07 .0000*
At most 1 132.81 .0000* 33.87 .0000*
At most 2 70.64 .0001* 27.5 .0012*
At most 3 31.79 .0291* 21.13 .0647
At most 4 13.75 .0898 14.26 .6454
  1. * Null hypothesis is rejected at 5% significance level