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

Table 3 Kao cointegration test results.

From: Real exchange rate undervaluation, regional integration and services sector performance: evidence from the East African Community

 

Statistic

p-value

Modified Dickey-Fuller t

− 2.5999

0.0047

Dickey-Fuller t

− 3.0454

0.0012

Augmented Dickey-Fuller t

− 2.6104

0.0045

Unadjusted modified Dickey

− 6.3423

0.000

Unadjusted Dickey-Fuller t

− 4.2321

0.000

  1. The null hypothesis is ‘no cointegration’