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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