Naranyan (2005)

Null Hypothesis: No long-run relationships exist

statistic test

Value

K

F-statistic

10.54916

2

Critical Value Bounds

Significance

I0 Bound

I1 Bound

10%

2.17

3.19

5%

2.72

3.83

2.5%

3.22

4.5

1%

3.88

5.3