Hypothesized

Max-Eigen

0.05

No. of CE(s)

Eigenvalue

Statistic

Critical Value

Prob.**

None*

0.613780

25.68642

21.13162

0.0106

At most 1*

0.509423

19.22865

14.26460

0.0076

At most 2*

0.143596

4.185339

3.841466

0.0408