Table 7 Cointegration test results 1982 to 2021 data
From: Effects of crude oil prices on copper and maize prices
Trace test | Maximum eigenvalue test | ||||||
|---|---|---|---|---|---|---|---|
H0 | H1 | Statistic | 5% critical value | H0 | H1 | Statistic | 5% critical value |
r = 0* | r ≥ 1 | 41.4757 | 35.1928 | r = 0* | r ≥ 1 | 26.4277 | 22.2996 |
r ≤ 1 | r ≥ 2 | 15.0481 | 20.2618 | r ≤ 1 | r ≥ 2 | 12.5039 | 15.8921 |
r ≤ 2 | r ≥ 3 | 2.5441 | 9.1645 | r ≤ 2 | r ≥ 3 | 2.5441 | 9.1645 |