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Table 5 Co-integration test results between multiple variables

From: The scale and structure of government financial investment in traditional medicine based on optimal efficiency: evidence from public traditional Chinese medicine hospitals (PTHs) of Henan province, China

Original hypothesis

Eigenvalue

Trace (P)

λ-Max Eigenvalue (P)

No co-integration vector

1.0000

338.3943 (0.0001)

267.6401 (0.0001)

At most one co-integration variable

0.9870

70.7542 (< 0.0001)

47.7566 (< 0.0001)

At most two co-integration variable

0.7941

22.9976 (0.0006)

17.389 (0.0037)

At most three co-integration variable

0.3998

5.6147 (0.0212)

5.6147 (0.0212)