Trace Statics
Null Hypothesis	Alternative Hypothesis	Test Statistics	5% Critical Value	Prob. Value
$H_{0} : r \leq 0$	$H_{0} : r > 0$	130.1676	95.75366	0.0000
$H_{0} : r \leq 1$	$H_{0} : r > 1$	75.58240***	69.81889	0.0161
$H_{0} : r \leq 2$	$H_{0} : r > 2$	40.34318	47.85613	0.2105
$H_{0} : r \leq 3$	$H_{0} : r > 3$	14.74594	29.79707	0.7963
$H_{0} : r \leq 4$	$H_{0} : r > 4$	5.300786	15.49471	0.7761
$H_{0} : r \leq 5$	$H_{0} : r > 5$	0.046741	3.841466	0.8288
Maximum Eigenvalue Statistic
Null Hypothesis	Alternative Hypothesis	Test Statistics	5% Critical Value	Prob. Value
$H_{0} : r \leq 0$	$H_{0} : r > 0$	54.58519***	40.07757	0.0006
$H_{0} : r \leq 1$	$H_{0} : r > 1$	35.23922***	33.87687	0.0342
$H_{0} : r \leq 2$	$H_{0} : r > 2$	25.59724	27.58434	0.0879
$H_{0} : r \leq 3$	$H_{0} : r > 3$	9.445158	21.13162	0.7950
$H_{0} : r \leq 4$	$H_{0} : r > 4$	5.254045	14.26460	0.7095