### Johansen’s Cointegration Test: cointegrating equation

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**Sun May 02, 2010 2:58 pm**my friend said that if you get the same number of cointegrating equation with the number of variables means that the conclusion that there is no cointegration. is it true?

as an example: if the trace statistics of Johansen’s Cointegration Test indicate there are two cointegrating equations with two variables means that the conclusion is there is no cointegration between that two variables.

so much thank u for ur help

as an example: if the trace statistics of Johansen’s Cointegration Test indicate there are two cointegrating equations with two variables means that the conclusion is there is no cointegration between that two variables.

so much thank u for ur help