Research Article
Role of Money in Smaller Pacific Island Countries
Table 4
Results of Johansen and Juselius multivariate procedure for price in four PICs.
| | Maximum eigenvalue | Trace | | Test statistic | 95% | Test statistic | 95% |
| Samoa | | | | | | 24.844* | 27.584 | 48.173** | 47.856 | | 13.141 | 21.132 | 23.329 | 29.797 | | 8.406 | 14.265 | 10.188 | 15.495 | | 1.781 | 3.841 | 1.781 | 3.841 | Solomon Islands | | | | | | 31.814* | 32.118 | 67.092** | 63.876 | | 18.547 | 25.823 | 35.278 | 42.915 | | 12.676 | 19.387 | 16.731 | 25.872 | | 4.055 | 12.518 | 4.055 | 12.518 | Tonga | | | | | | 36.991** | 27.584 | 65.930** | 47.856 | | 17.276 | 21.132 | 28.939 | 29.797 | | 10.655 | 14.265 | 11.663 | 15.495 | | 1.008 | 3.841 | 1.008 | 3.841 | Vanuatu | | | | | | 30.288** | 27.584 | 51.011** | 47.856 | | 14.739 | 21.132 | 20.723 | 29.797 | | 5.592 | 14.265 | 5.984 | 15.495 | | 0.392 | 3.841 | 0.392 | 3.841 |
|
|
Notes: * and **indicate significant at 5% and 1% levels, respectively.
|