Hypothesized No. of CE(s) | Eigenvalue | Max-Eigen Statistic | 0.05 Critical Value | Prob. Value |
None | 0.801702 | 464.3620 | 33.87687 | 0.0001 |
At most 1* | 0.352341 | 124.6701 | 27.58434 | 0.0000 |
At most 2* | 0.190995 | 60.82956 | 21.13162 | 0.0000 |
At most 3* | 0.060278 | 17.84298 | 14.26460 | 0.0130 |
At most 4 | 0.005588 | 1.608121 | 3.841466 | 0.2048 |