Software | No. of CE (s) | Trace Statistic | 5% Critical Value | Maximum | 5% Critical Value |
EViews | None* | 170.533 | 125.615 | 56.387 | 46.231 |
At most 1* | 114.146 | 95.754 | 54.127 | 40.078 | |
At most 2 | 60.019 | 69.819 | 24.679 | 33.877 | |
At most 3 | 35.34 | 47.856 | 14.242 | 27.584 | |
At most 4 | 21.098 | 29.797 | 10.695 | 21.132 | |
At most 5 | 10.404 | 15.495 | 8.838 | 14.265 | |
At most 6 | 1.566 | 3.841 | 1.566 | 3.841 | |
R | None* | 164.87 | 131.7 | 48.81 | 46.45 |
At most 1* | 116.06 | 102.14 | 45.08 | 40.3 | |
At most 2 | 70.98 | 76.07 | 26.14 | 34.4 | |
At most 3 | 44.84 | 53.12 | 17.62 | 28.14 | |
At most 4 | 27.23 | 34.91 | 12.52 | 22 | |
At most 5 | 14.7 | 19.96 | 9.9 | 15.67 | |
At most 6 | 4.81 | 9.24 | 4.81 | 9.24 | |
Stata | None* | 138.437 | 124.24 | 46.619 | 45.28 |
At most 1 | 91.818 | 94.15 | 34.725 | 39.37 | |
At most 2 | 57.092 | 68.52 | 26.004 | 33.46 | |
At most 3 | 31.088 | 47.21 | 15.181 | 27.07 | |
At most 4 | 15.908 | 29.68 | 9.472 | 20.97 | |
At most 5 | 6.436 | 15.41 | 4.784 | 14.07 | |
At most 6 | 1.652 | 3.76 | 1.652 | 3.76 |