Hypothesised No. of CE (s) | Eigenvalue | Trace Statistic | 0.05 Critical Value | Prof.** |
None* | 0.798284 | 146.6210 | 95.75366 | 0.0000 |
At most 1* | 0.575152 | 87.38786 | 69.81889 | 0.0011 |
At most 2 | 0.492004 | 55.71502 | 47.85613 | 0.0077 |
At most 3 | 0.446686 | 30.65558 | 29.79707 | 0.0397 |
At most 4 | 0.208997 | 8.757854 | 15.49471 | 0.3883 |
At most 5 | 0.002243 | 0.083094 | 3.841465 | 0.7731 |
Hypothesised No. of CE (s) | Eigenvalue | Max-Eigen Statistic | 0.05 Critical Value | Prof.** |
None* | 0.742018 | 59.23312 | 40.07757 | 0.0001 |
At most 1* | 0.609180 | 31.67284 | 33.87687 | 0.0896 |
At most 2 | 0.462470 | 25.05944 | 27.58434 | 0.1018 |
At most 3 | 0.424253 | 21.89773 | 21.13162 | 0.0390 |
At most 4 | 0.220276 | 8.674759 | 14.26460. | 0.3142 |
At most 5 | 0.000267 | 0.0835094 | 3.841465 | 0.7731 |