Unrestricted Cointegration Rank Test (Trace) |
| |||
Hypothesized | Eigenvalue | Trace | 0.05 | Prob.** |
No. of CE(s) | Statistic | Critical Value | ||
None* | 0.977601 | 186.0584 | 55.24578 | 0.0000 |
At most 1* | 0.854706 | 72.09690 | 35.01090 | 0.0000 |
At most 2 | 0.334412 | 14.22708 | 18.39771 | 0.1740 |
At most 3 | 0.064946 | 2.014533 | 3.841466 | 0.1558 |