Effect of Public Expenditure on Economic Growth in the Case of Ethiopia

Table 5

Cointegration test result.

Hypothesized no. of CE(s)	Eigen value	Trace statistics	0.05 critical value
None		135.2957	124.24	0.000
At most 1	0.69703	91.1134	94.15	0.325
At most 2	0.60560	56.6887	68.52	0.311
At most 3	0.42614	36.1400	47.21	0.515
At most 4	0.38182	18.3441	29.68	0.103
At most 5	0.23681	8.3449	15.41	0.004
At most 6	0.15830	1.9687	3.76	0.658
At most 7	0.05182			0.930

Source: own computation based on the data from MOFED and National Bank, 2022.