F-Bounds Test | Cointegration Status | |||||
| Test Statistic | Critical Value | Significance Level | I (0) bound | I (1) bound | |
Model 1 | F-statistic K = 6 | 11.763 | 10% | 2.12 | 3.13 | Cointegrated |
5% | 2.45 | 3.61 | ||||
1% | 3.15 | 4.43 | ||||
Model 2 | F-statistic K = 4 | 6.501 | 10% | 2.45 | 3.52 | Cointegrated |
5% | 2.86 | 4.01 | ||||
1% | 3.74 | 5.06 |