Hypothesized

Max-Eigen

0.05

No. of CE(s)

Eigenvalue

Statistic

Critical Value

Prob.**

None *

0.252748

79.24791

27.58434

0.0000

At most 1 *

0.108658

31.28734

21.13162

0.0013

At most 2 *

0.051865

14.48628

14.26460

0.0461

At most 3 *

0.034748

9.619578

3.841466

0.0019