Research Article
Role of Money in Smaller Pacific Island Countries
Table 3
Results of Johansen and Juselius multivariate procedure for output in four PICs.
| | Maximum Eigenvalue | Trace | | Test statistic | 95% | Test statistic | 95% |
| Samoa | | | | | | 27.318* | 27.584 | 55.051** | 47.856 | | 17.461 | 21.132 | 27.733 | 29.797 | | 9.063 | 14.265 | 10.272 | 15.495 | | 1.208 | 3.841 | 1.208 | 3.841 | Solomon Islands | | | | | | 33.424** | 32.118 | 68.564** | 63.876 | | 16.622 | 25.823 | 35.140 | 42.915 | | 10.645 | 19.387 | 18.518 | 25.872 | | 7.873 | 12.518 | 7.873 | 12.518 | Tonga | | | | | | 70.651** | 27.584 | 118.147** | 47.856 | | 39.138** | 21.132 | 47.496** | 29.797 | | 5.897 | 14.265 | 8.359 | 15.495 | | 2.462 | 3.841 | 2.462 | 3.841 | Vanuatu | | | | | | 26.005* | 27.584 | 56.889** | 47.856 | | 16.131 | 21.132 | 30.884** | 29.797 | | 13.652 | 14.265 | 14.752 | 15.495 | | 1.100 | 3.841 | 1.100 | 3.841 |
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Notes: * and **indicate significant at 5% and 1% levels, respectively.
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