| Null Hypothesis | F-Statistic | Critical Values Bounds | ||
| Significance | Lower Bound | Upper Bound | ||
| No long-run relationships exist | 6.254343 | 10% | 2.12 | 3.23 |
| 5% | 2.45 | 3.61 | ||
| 2.5% | 2.75 | 3.99 | ||
| 1% | 3.15 | 4.43 | ||