Impact of Foreign Direct Investment, Trade Openness, Domestic Demand, and Exchange Rate on the Export Performance of Bangladesh: A VEC Approach

Table 5

Johansen unrestricted cointegration rank test (trace and max-eigenvalue).

		Intercept				Intercept plus trend
	Eigen-value	Trace statistic	0.5% CV	Prob.**	Eigen-value	Trace statistic	0.5% CV	Prob.**
Trace test	0.791	82.710	69.818	0.0033*	0.893	114.441	88.803	0.0002*
Max-eigenvalue test	0.791	43.853	33.876	0.0024*	0.791	62.591	38.331	0.0000*

Note: (1)*denotes rejection of the hypothesis at the 0.05 level.