Hypothesized

Max-Eigen

0.05

No. of CE(s)

Eigen-value

Statistic

Critical Value

Prob.^**

None *

0.125659

30.07978

27.58434

0.0234

At most 1 *

0.10747

25.46777

21.13162

0.0115

At most 2

0.034599

7.887343

14.2646

0.3902

At most 3

0.011323

2.550755

3.841466

0.1102