Hypothesized Max-Eigen 0.05

No. of CE(s) Eigenvalue Statistic Critical Value Prob.**

None * 0.865973 58.28175 46.23142 0.0017

At most 1 * 0.825821 50.68248 40.07757 0.0023

At most 2 0.629984 28.83206 33.87687 0.1777

At most 3 0.478730 18.89315 27.58434 0.4228

At most 4 0.318800 11.13310 21.13162 0.6340

At most 5 0.117551 3.626561 14.26460 0.8965

At most 6 0.058520 1.748775 3.841466 0.1860