Trend: Constant Number of obs = 38

Sample: 1982-2019 lags = 2

Maximum Rank

parms

LL

eigenvalue

trace statistic

5% critical value

0

1

2

3

5

4

6

7

8

72

87

100

111

120

127

132

135

136

−219.45533

−165.154.86

−139.76059

−115.10511

−97.0904675

−73.75344

−70.412831

−70.412831

−69.651238

-

0.94261

0.73725

0.72683

0.61254

0.54967

0.34982

0.161123

0.0392

299.6082

191.0072

140.2187

90.9077

54.8785

24.5634

8.2044

1.5232

156.00

124.24

94.15

68.52

47.21

29.68

15.41

3.7

0

1

2

3

5

4

6

7

8

72

87

100

111

120

127

132

135

136

−219.45533

−165.154.86

−139.76059

−115.10511

−97.090475

−81.932952

−73.75344

−70.412831

−69.651238

-

0.94261

0.73725

0.72683

0.61254

0.54967

0.34982

0.161123

0.03929

108.6010

50.7885

49.3110

36.0293

30.3150

16.3590

6.6812

1.5232

51.42

45.28

39.37

33.46

27.07

20.97

14.07

3.76