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