H0

Max-Eigen

0.05

No. of cointegrating rank

Eigen- value

Statistic

Critical Value

Prob.**

r = 0*

0.109132

27.1564

27.58434

0.0566

r ≤ 1

0.10269

25.46318

21.13162

0.115

r ≤ 2

0.046889

11.28568

14.2646

0.1405

r ≤ 3

0.007771

1.833327

3.841466

0.1757