Unrestricted Cointegration Rank Test (Trace) |
| |||
Hypothesized |
| Trace | 0.05 |
|
No. of CE(s) | Eigenvalue | Statistic | Critical Value | Prob.** |
None * | 0.900723 | 123.8098 | 95.75366 | 0.0002 |
At most 1 * | 0.792965 | 75.30315 | 69.81889 | 0.0171 |
At most 2 | 0.692642 | 42.23088 | 47.85613 | 0.1524 |
At most 3 | 0.363689 | 17.45631 | 29.79707 | 0.6063 |
At most 4 | 0.291320 | 7.962874 | 15.49471 | 0.4694 |
At most 5 | 0.034233 | 0.731495 | 3.841465 | 0.3924 |
Unrestricted Cointegration Rank Test (Maximum Eigenvalue) | ||||
Hypothesized |
| Max-Eigen | 0.05 |
|
No. of CE(s) | Eigenvalue | Statistic | Critical Value | Prob.** |
None * | 0.900723 | 48.50669 | 40.07757 | 0.0045 |
At most 1 | 0.792965 | 33.07226 | 33.87687 | 0.0621 |
At most 2 | 0.692642 | 24.77457 | 27.58434 | 0.1099 |
At most 3 | 0.363689 | 9.493436 | 21.13162 | 0.7907 |
At most 4 | 0.291320 | 7.231379 | 14.26460 | 0.4621 |
At most 5 | 0.034233 | 0.731495 | 3.841465 | 0.3924 |