표 3 요한센 공적분 검정

Unrestricted cointegration rank test (trace)
Hypothesized		Trace	0.05
No. of CE(s)	Eigenvalue	Statistic	Critical value	Prob.**
r=0*	0.197629	43.81558	42.91525	0.0405
r≤1	0.117252	19.15500	25.87211	0.2717
r≤2	0.045255	5.186862	12.51798	0.5698

Unrestricted cointegration rank test (maximum eigenvalue)
Hypothesized		Max-Eigen	0.05
No. of CE(s)	Eigenvalue	Statistic	Critical value	Prob.**
r=0	0.197629	24.66058	25.82321	0.0706
r≤1	0.117252	13.96814	19.38704	0.2563
r≤2	0.045255	5.186862	12.51798	0.5698

주 : 1) 는 5% 유의수준에서 유의함.
2) MacKinnon-Haug-Michekis (1999) p-values.