Johansen Fisher Panel Cointegration Test

Series: CPC? DPI? AHP?

Date: 12/26/09
Time: 22:25

Sample: 1996 2008

Included observations: 13

Trend assumption: Linear deterministic trend

Lags interval (in first differences): 1 1

Unrestricted Cointegration Rank Test (Trace and Maximum Eigenvalue)

Hypothesized

Fisher Stat.*

Fisher Stat.*

No. of CE(s)

(from trace test)

Prob.

(from max-eigen test)

Prob.

None

473.8

0.0000

322.0

0.0000

At most 1

248.8

0.0000

192.2

0.0000

At most 2

170.2

0.0000

170.2

0.0000