Hypothesized No. of CE (s)

Eigenvalue

Trace Statistic

0.05 Critical Value

Prob.**

None*

0.489583

32.72825

29.79707

0.0223

At most 1

0.250123

11.87992

15.49471

0.1628

At most 2

0.090970

2.956687

3.841466

0.0855