Table 4 Johansen cointegration tests for unemployment rates in the U.S
From: The impact of the coronavirus on African American unemployment: lessons from history
Max Rank | Parameters | LL | Trace | 5% Critical |
|---|---|---|---|---|
Panel A. Full sample period | ||||
 0 | 30 | − 113.10 | 27.685* | 29.68 |
 1 | 35 | − 101.92 | 5.32 | 15.41 |
 2 | 38 | − 100.16 | 1.81 | 3.76 |
Panel B. Pre 9/11 Subsample Period | ||||
 0 | 30 | − 48.565 | 27.437* | 29.68 |
 1 | 35 | − 39.951 | 10.208 | 15.41 |
 2 | 38 | − 34.847 | 0.442 | 3.76 |
Panel C. Post 9/11 Subsample Period | ||||
 0 | 30 | 4.507 | 44.521 | 29.68 |
 1 | 35 | 18.468 | 16.598 | 15.41 |
 2 | 38 | 24.983 | 3.567* | 3.76 |
 3 | 39 | 26.767 |  |  |
Panel D. Pre 2008 Crisis Subsample Period | ||||
 0 | 30 | − 6.583 | 28.523* | 29.68 |
 1 | 35 | 2.209 | 10.944 | 15.41 |
 2 | 38 | 7054 | 1.254 | 3.76 |
 3 | 39 | 7.681 |  |  |
Panel E. Post 2008 Crisis Subsample Period | ||||
 0 | 30 | − 6.583 | 28.523* | 29.68 |
 1 | 35 | 2.209 | 10.944 | 15.41 |
 2 | 38 | 7054 | 1.254 | 3.76 |
 3 | 39 | 7.681 |  |  |