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Hello everybody

I'm experiencing some difficulties in interpreting the output of the Johansen test for a set of 7 macroeconomic variables.

No problem with the interpretation of Trace and Max statistics, in this case the test detects the existence of 2 cointegrating equations.

Now I want to write out every single value of cointegrating coefficients. But how can I achieve this if, when looking at the 6th panel (the case with 2 coint. equations), the program automatically adjusts some of the coefficients to zero ??? As more cointegrating relationships are hypothesized, as more "strange" 0 and 1 coefficients appear.

I need clarification on this normalization process.

Thank you in advance :)

can anyone help please ?

how can I get a table like this ?

as you can see from the Johansen output I previously uploaded, my variables are USDEUR, MUSA, MEUR, YUSA, YEUR, IUSA, IEUR
maybe should i take into account the unrestricted cointegrating coefficients and divide them by the first of the row in order to "normalize" them on the exchange rate ?

In the paper from which I took the image (Moosa, 1994), they don't talk about a normalization, so maybe they worked on the unrestricted coefficients ?

My target is getting a table like "TABLE 4". How can I do ??

Thanks in advance.