Table 3 Cointegration discussion.

From: Determinants of green energy investment—financial drivers and equitable transition

Hypothesized No of CE (S)

Eigenvalue

Trace Statistic

5% critical value

Probability

None*

0.6842

50.0641

30.0594

0.0006

At most 1*

0.6354

23.7912

16.1034

0.0085

At most 2

0.0843

2.4912

5.4012

0.2483

Hypothesized No of CE (S)

Eigenvalue

Mx-Eigen statistic

5% critical value

Probability

None*

0.6842

27.6933

26.9806

0.0353

At most 1*

0.6354

19.0866

17.5912

0.0005

At most 2

0.0843

2.4912

5.4012

0.2483

  1. * denotes statistically significant.