Specification: linear deterministic trend

Variables

Hypothesized

No. of CE(s)

Fisher Stat.*

(from trace test)

0

Prob.

Fisher Stat.*

(from max-eigen test)

0

Prob.

GDP %

None

110.2

0

76.63

0

At most 1

54.4

0.008

38.07

0.2126

At most 2

35.36

0.3125

24.75

0.8159

At most 3

27.76

0.6813

27.76

0.6813

per capita

None

132.6

0

115.9

0

At most 1

49.47

0.0251

41.78

0.1156

At most 2

26.2

0.7545

21.95

0.9087

At most 3

21.88

0.9105

21.88

0.9105