Statistical Analysis of the Influence of Sino-U.S. Minimum Wages on Employment

Table 2

Co-integration test results.

Hypothesized No. of CE(s) Prob.	Eigenvalue	Trace statistic	0.05 critical	Value
None	0.983727	91.78192	47.85613	0.0000
At most 1	0.786425	34.12623	29.79707	0.0149
At most 2	0.590887	12.51351	15.49471	0.1339
At most 3	5.82E-05	0.000814	3.841466	0.9784

Notes: indicates that the null hypothesis is rejected at 5%.