No. Cointegration Equation (s) | Eigen value | Max-eigen Statistics | Critical value (0.05) | Probability** |
0* | 0.014225 | 62.06321 | 52.36261 | 0.0038 |
1* | 0.012606 | 54.95450 | 46.23142 | 0.0046 |
2* | 0.009070 | 39.47164 | 40.07757 | 0.0584 |
3* | 0.007827 | 34.04015 | 33.87687 | 0.0478 |
4* | 0.006487 | 28.19387 | 27.58434 | 0.0418 |
5 | 0.002623 | 11.37723 | 21.13162 | 0.6097 |
6 | 0.002037 | 8.832678 | 14.26460 | 0.3003 |
7 | 0.000701 | 3.037789 | 3.841466 | 0.0813 |