Table 4 Results of Johansen co-integration test.
From: Economic effect of the golf simulation industry in Korea: an analysis based on the SVAR model
Hypothesized no. of cointegrating vectors | Eigenvalue | Trace statistic | Max-eigen statistic |
|---|---|---|---|
None* | 0.998 | 119.095 | 86.989 |
At most 1* | 0.841 | 32.106 | 23.873 |
At most 2 | 0.308 | 8.233 | 4.783 |
At most 3 | 0.233 | 3.450 | 3.450 |
