Global Journal of Human Social Science, E: Economics, Volume 22 Issue 2

Table 6: Johansen test Series: TxINF SYSTINS TxMASSMO TDI Lags interval (in first difference) 1 to 1 Unrestricted Cointegration Rank Test (TRACE) Of CE(s) Eigenvalue Trace statistic Prob.** None * 0.856677 61.62443 40.17493 0.0001 At most 1 0.279107 13.05814 24.27596 0.0167 At most 2 0.164332 4.876509 12.32090 0.5849 At most 3 0.015417 0.388424 4.129906 0.0964 Trace test indicates no cointegration at the 0.05 level *denotes rejection of the hypothesis at the 0.05 level **MacKinnon-Haug-Michelis (1999) p-value Source: Computed by authors, using Eviews 8.1 An examination of the above findings reveals that all of the data are stationary as integrated of order one (see Table 5). Also, because the assumptions about the existentiality of mathematical equations are accepted at the 5% threshold, the existence of a long-run link cannot be challenged(see Table 6). We can then use the Eviews 8.1 software to estimate our empirical model using the OLS approach. The following are the outcomes: Table 7: Model estimation Dependent Variable: TXINFMethod: Least Squares Date: 08/02/21 Time: 21:17Sample: 1990 2019 Included observations: 30 Variable Coefficient Std.Error t-statistic Prob. C 43,5353 15,0478 2,8931 0,0084*** SYSTINS 0,3265 0,0162 3,2248 0,0037*** TxMASSMO 0,1731 0,0645 2,6830 0,0125** TDI 0,0206 0,0012 2,5104 0,0140** R-squared 0,6763 Mean dependent var 3.7840 Adjusted R-squared 0,5608 S.D. dependent var 7.2940 S.E of regression 631,0607 Akaike info criterion 6.4007 SumSquared resid 5,3557 Schwarz criterion 6.7307 Log likelihood -85,8107 Hannan-Quinn 6.504105 F-Statistic 4,9889 Durbin watson 1.912648 Prob(F-statistic) 0.0023 Wald F-statistic 32,08122 *, **, *** indicate significance at the 10%, 5% and 1% thresholds respectively Source: Computed by authors, using Eviews 8.1 The model calculated in this approach has significant p-values of either 1% or 5%, indicating the individual significance of each variable. Furthermore, the calculated Fisher attacha probability of 0.0023, making the model significative at 1%: the entire significativity of the model is thus an effectivity. Furthermore, the © 2022 Global Journals Volume XXII Issue II Version I 37 ( ) Global Journal of Human Social Science - Year 2022 E Institutional Analysis of the Determinants of Economic Non-Take-Off and High Living Standards in Cameroon between 1990 and 2019 Hypothesized no. 0.05 Critical value