Hypothesized

Eigenvalue

Trace

Statistic

5%

Critical Value

Prob.**

Hypothesized

Eigenvalue

Max-Eigen

Statistic

5%

Critical Value

Prob.**

No. of CE(s)

No. of CE(s)

None*

0.736015

63.29347

29.79707

0.0000

None*

0.736015

33.29655

21.13162

0.0006

At most 1*

0.523777

29.99692

15.49471

0.0002

At most 1*

0.523777

18.54670

14.26460

0.0099

At most 2*

0.367458

11.45022

3.841466

0.0007

At most 2*

0.367458

11.45022

3.841466

0.0007