Unrestricted Cointegration Rank Test (Trace) | ||||
Hypothesized No. of CE(s) |
Eigenvalue | Trace Statistics | 0.05 Critical Value | Prob.** |
None* | 0.952943 | 188.0257 | 95.75366 | 0.0000 |
At most 1* | 0.765178 | 99.39041 | 69.81889 | 0.0000 |
At most 2* | 0.659923 | 57.37149 | 47.85613 | 0.0050 |
At most 3 | 0.400737 | 26.09262 | 29.79707 | 0.1260 |
At most 4 | 0.300231 | 11.24304 | 15.49471 | 0.1970 |
At most 5 | 0.030220 | 0.889881 | 3.841466 | 0.3455 |