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

Table 4

Co-integration test results.

Hypothesized No. ofCE(s) Prob.	Eigenvalue	Trace statistic	0.05 Critical	Value
None	0.856623	53.80054	47.85613	0.0125
At most 1	0.728286	28.55090	29.79707	0.0691
At most 2	0.482020	11.61181	15.49471	0.1765
At most 3	0.209744	3.060171	3.841466	0.0802

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