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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
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