Hypothesized |
| Trace | 0.05 |
|
No. of CE(s) | Eigenvalue | Statistic | Critical value | Prob.** |
None *** | 0.680013 | 72.19233 | 47.85613 | 0.0001 |
At most 1 *** | 0.454941 | 35.72918 | 29.79707 | 0.0092 |
At most 2 ** | 0.398703 | 16.30964 | 15.49471 | 0.0376 |
At most 3 | 0.001009 | 0.032316 | 3.841466 | 0.8573 |