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Table 3 Johansen test of cointegration among the variables using STATA 12

From: Modeling inflation rates and exchange rates in Ghana: application of multivariate GARCH models

Maximum rank

Eigen values

Trace statistics

5% critical value

0

 

29.73

29.68

1

0.06181

11.6746

15.41

2

0.03089

2.7963

3.76

3

0.00983

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