Sample (adjusted): 1972 2018 Included observations: 33 after adjustments Trend assumption: Linear deterministic trend Series: LMQ LFDI LINF LER LDET LXPT Exogenous series: WD Warning: Critical values assume no exogenous series Lags interval (in first differences): 1 to 1 | ||||
Hypothesized No. of CE(s) | Eigenvalue | Trace Statistic | 0.05 Critical Value | Prob.** |
None* | 0.804430 | 142.2822 | 95.75366 | 0.0000 |
At most 1* | 0.723615 | 88.43160 | 69.81889 | 0.0008 |
At most 2 | 0.469000 | 45.99488 | 47.85613 | 0.0740 |
At most 3 | 0.345819 | 25.10609 | 29.79707 | 0.1577 |
At most 4 | 0.231059 | 11.10185 | 15.49471 | 0.2053 |
At most 5 | 0.071030 | 2.431404 | 3.841466 | 0.1189 |