Cointegration Test Engle-Granger

Null hypothesis: Series are not cointegrated

Automatic lag specification (lag = 0 based on Schwarz Info Criterion, maxlag = 5)

Value

Prob.*

Engle-Granger tau-statistic

−6.299361

0.0031

Engle-Granger z-statistic

−34.63334

0.0026