. 2006 Feb 2;28(1):188–203. doi: 10.1016/j.tourman.2005.11.012

Table 6.

Tests results of cointegration between quarterly LGDP and LSPI

The null hypothesis	Trace statistic		Maximum eigenvalue statistic
The null hypothesis	$r = 0$	$r ⩽ 1$	$r = 0$	$r = 1$
Taiwan
Ambassador Hotel [5]	19.11^*	4.96^*	14.15^*	4.96^*
First Hotel [6]	17.52^*	1.35	16.18^**	1.35
Hotel Holiday Garden [5]	19.90^*	6.42^*	13.48^*	6.42^*
Leofoo Corporation [5]	24.23^**	2.60	21.63^**	2.60
Wan-Hwa Corporation [5]	35.31^**	11.03^**	24.28^**	11.03^**
China Airlines [4]	19.10^*	5.36^*	14.14^*	5.36^*
VWTI (full sample) [6]	34.87^**	6.75^**	28.12^**	6.75^**
VWTI (1/1998-9/2003) [3]	20.74^**	4.50^*	16.24^*	4.50^*
China
Century Plaza Hotel [2]	26.14^**	5.35^*	20.79^**	5.35^*
Cyts Tours [2]	20.17^**	2.84	17.33^**	2.84
Dong Feng Hotel [4]	21.46^**	4.29^*	17.17^*	4.29^*
Huangshan Tourism [1]	7.93	2.57	5.36	2.57
Huatian Hotel [3]	—	—	—	—
Jingxi Tourism [2]	8.66	2.97	5.70	2.97
Jinjiang Hotel [3]	25.48^**	3.81^*	21.67^**	3.81^*
Xian Tourism [1]	9.53	2.19	7.34	2.19
Eastern Airlines [3]	17.26^*	5.94^*	14.32^*	5.94^*
VWTI_SH [2]	18.10^*	3.20	14.90^**	3.20
VWTI_SZ [3]	16.80^*	5.08^*	14.27^*	5.08^*
VWTI_SHSZ [3]	38.35^**	14.83^**	23.52^**	14.83^**

Note: Same as in Table 5.