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Table 3 Results from Johansen co-integration rank test (trace) and (maximum Eigen-value)

From: The relationship between the growth in the health sector and inbound health tourism: the case of Turkey

Hypothesized no. of CE(s) Maximum Eigenvalue Trace statistic Max-Eigen statistic
Nonea 0.394513 32.08032 (29.79707) 23.07922 (21.13162)
At most 1 0.161570 9.001103 (15.49471) 8.106321 (14.26460)
At most 2 0.019264 0.894782 (3.841466) 0.894782 (3.841466)
  1. Maximum Eigenvalue indicates 1 cointegration equation at the 5 %. Trace statistic indicates 1 cointegration equation at the 5 %
  2. aDenotes rejection of the hypothesis at the 5 % level