r
| LR | 10% critical value | 5% critical value | 1% critical value |
---|
r = 0 | 66.13*** | 42.41 | 45.76 | 52.48 |
r ≥ 1 | 10.07 | 21.13 | 23.71 | 29.06 |
- Lag length for the test was chosen by Schwarz information criterion (SIC) and VAR residuals analysis; ***rejection of the null hypothesis at 1% significance level