Higher Education, Technological Innovation, and Regional Sustainable Development: Insights from a VAR Model

Table 5

Unrestricted cointegration rank test (maximum eigenvalue).

Hypothesized No.of CE(s)	Eigenvalue	Trace statistic	0.05 critical value	Prob.
None	0.969315	59.22761	21.13162	0
At most 1	0.901818	39.45593	14.2646	0
At most 2	0.037081	0.642356	3.841466	0.4229

Max-eigenvalue test indicates 2 cointegrating eqn (s) at the 0.05 level. denotes rejection of the hypothesis at the 0.05 level. denotes MacKinnon-Haug-Michelis(1999) values.