Country

Lags

F-stats

Remark

Nigeria

1 2 0 2 0 0 0

2.692

Not Co-integrated

Tunisia

1 2 2 0 2 2 2

22.498***

Co-integrated

Algeria

2 2 1 2 2 2 0

10.944***

Co-integrated

Namibia

1 2 0 0 0 1 1

3.664

Not Co-integrated

South Africa

2 2 2 2 2 2 2

1.2e+07***

Co-integrated

Eswatini

2 2 2 2 2 2 2

1.8e+09***

Co-integrated

Kenya

1 2 1 2 2 2 2

2.546

Not Co-integrated

Mauritius

2 2 1 2 2 1 2

3.768

Not Co-integrated