Unrestricted Cointegration Rank Test (Trace) |
| |||
Hypothesized |
| Trace | 0.05 |
|
No. of CE(s) | Eigenvalue | Statistic | Critical Value | Prob.** |
None * | 0.987459 | 231.5771 | 95.75366 | 0.0000 |
At most 1 * | 0.952807 | 139.6227 | 69.81889 | 0.0000 |
At most 2 * | 0.897503 | 75.49908 | 47.85613 | 0.0000 |
At most 3 | 0.580856 | 27.66276 | 29.79707 | 0.0864 |
At most 4 | 0.319934 | 9.402416 | 15.49471 | 0.3295 |
At most 5 | 0.060275 | 1.305539 | 3.841465 | 0.2532 |
Unrestricted Cointegration Rank Test (Maximum Eigenvalue) | ||||
Hypothesized |
| Max-Eigen | 0.05 |
|
No. of CE(s) | Eigenvalue | Statistic | Critical Value | Prob.** |
None * | 0.987459 | 91.95443 | 40.07757 | 0.0000 |
At most 1 * | 0.952807 | 64.12358 | 33.87687 | 0.0000 |
At most 2 * | 0.897503 | 47.83632 | 27.58434 | 0.0000 |
At most 3 | 0.580856 | 18.26035 | 21.13162 | 0.1204 |
At most 4 | 0.319934 | 8.096877 | 14.26460 | 0.3690 |
At most 5 | 0.060275 | 1.305539 | 3.841465 | 0.2532 |