| Variable | Engle Granger (EG) Test | Decision | |||
| Model | EGcalculated | EG critical | Probability | ||
| Residual | None | −6.535957 | 1% level: −2.653401 5% level: −1.953858 10% level: −1.609571 | 0.0000*** | There is cointegrating relationship of variables in the model |