Cointegration rank tests | Hypothesis | Trace statistics | Critical values | p-values | Cointegrating equations |
λ trace tests |
|
|
|
|
|
0.160 | H0:r = 0, H1:r > 0 | 56.074 | 29.797 | 0.000 | 1 |
0.039 | H0:r = 1, H1:r > 1 | 10.657 | 15.494 | 0.233 | 0 |
0.001 | H0:r = 2, H1:r > 2 | 0.288 | 3.8414 | 0.591 | 0 |
λmax tests |
|
|
|
|
|
0.160 | H0:r = 0, H1:r = 1 | 45.416 | 21.131 | 0.000 | 1 |
0.039 | H0:r = 1, H1:r = 2 | 10.368 | 14.264 | 0.188 | 0 |
0.001 | H0:r = 2, H1:r = 3 | 0.591 | 3.841 | 0.591 | 0 |