Hypothesized No. of CE(s) | Eigenvalue | Trace | Max-Eigen | ||||
Statistic | 0.05 Critical Value | Prob.** | Statistic | 0.05 Critical Value | Prob.** | ||
None* | 0.8877 | 161.44 | 69.81 | 0.000 | 72.16 | 33.87687 | 0.0000 |
At most 1* | 0.7745 | 89.28 | 47.85 | 0.000 | 49.15 | 27.58434 | 0.0000 |
At most 2* | 0.5237 | 40.12 | 29.79 | 0.002 | 24.47 | 21.13162 | 0.0162 |
At most 3* | 0.2827 | 15.64 | 15.49 | 0.047 | 10.96 | 14.26460 | 0.1558 |
At most 4* | 0.1321 | 4.67 | 3.84 | 0.030 | 4.67 | 3.841466 | 0.0306 |