Cointegration rank tests

Hypothesis

Trace statistics

Critical values

p-values

Cointegrating

equations

λ trace tests

0.160

H₀:r = 0, H₁:r > 0

56.074

29.797

0.000

1

0.039

H₀:r = 1, H₁:r > 1

10.657

15.494

0.233

0

0.001

H₀:r = 2, H₁:r > 2

0.288

3.8414

0.591

0

λ_max tests

0.160

H₀:r = 0, H₁:r = 1

45.416

21.131

0.000

1

0.039

H₀:r = 1, H₁:r = 2

10.368

14.264

0.188

0

0.001

H₀:r = 2, H₁:r = 3

0.591

3.841

0.591

0