Analyzing long-term empirical interactions between renewable energy generation, energy use, human capital, and economic performance in Pakistan

Table 5 Result of the Johansen and Juselius analysis

Hypothesized No of CE (s)	Eigen-values	Trace statistics	0.05 critical value	Prob.
None*	0.723	55.325	32.915	0.000
At most 1	0.441	23.576	35.872	0.350
At most 2	0.291	9.146	7.017	0.725
At most 3	0.369	19.964	26.233	0.375
Trace test indicates 1 co-integrating specification at a 0.05 level
Hypothesized No of CE (s)	Eigen-values	Max-Eigen statistics	0.05 critical value	Prob.
None*	0.723	33.069	15.823	0.000
At most 1	0.441	16.068	29.387	0.233
At most 2	0.291	10.147	18.017	0.637
At most 3	0.369	12.941	21.287	0.160

Null hypothesis no co-integration, Eigen eigenvalue, Max-Eigen maximum eigenvalue, CE co-integrating equation. * denotes rejection of the hypothesis at the Prob. ≤ .05 level

ISSN: 2192-0567