| Nigeria | Niger | Senegal |
| Du | Du | Du |
Cointegrating Vectors
Dw-p.lp−1
Du−1
DLU−1
Dk−1
Dti−1
R2 F-statistic Log likelihood Akaike AIC Schwarz SC | −0.032 (0.251) −0.062 (−0.761) −0.0541 (0.066) −0.201 (−0.001) −0.262 (−1.031) −0.006 (−0.071) 0.721 2.542 192.092 −3.932 −3.361 | −0.0142 (1.325) −0.532 (−2.342) −0.531 (0.181) −0.332 (−0.012) −0.271 (−0.514) 1.542 (−0.931) 0.492 2.901 174.936 −4.921 −5.172 | 0.172 (2.861) −0.042 (−0.021) −0.006 (−0.612) −0.421 (−0.015) −0.841 (−0.006) −0.018 (−0.002) 0.791 2.103 241.952 −3.923 −3.021 |