Table 2.

Johansen’s cointegration test (step 1)

Step 1: H =f(HE, RDexp, PET, GDP, Edu)
	Infant mortality (Imo)		Life expectancy (LE)
Rank = 0*	Trace test	Critical value (5%)	Trace test	Critical value (5%)
0	184.836	95.75	196.376	95.75

* denotes rejection of the null hypothesis at 5% significance level