Hypothesized

No. of CE(s)

Eigenvalue

Max-Eigen

Statistic

0.05

Critical Value

Prob.**

None *

0.748

78.546

32.118

0.000

At most 1

0.302

20.475

25.823

0.217

At most 2

0.275

18.327

19.387

0.071

At most 3

0.137

8.379

12.518

0.222