H0

Trace

0.05

No. of cointegrating rank

Eigen-value

Statistic

Critical Value

Prob.**

r = 0*

0.109132

65.73859

47.85613

0.0005

r ≤ 1

0.10269

38.58219

29.79707

0.1038

r ≤ 2

0.046889

13.11901

15.49471

0.1105

r ≤ 3

0.007771

1.833327

3.841466

0.1757