Hypothesized No. of CE(s) | Trace Statistic | 0.05 Critical Value | Prob.* | Max-Eigen Statistic | 0.05 Critical Value | Prob.* |
None* | 161.5994 | 69.81889 | 0.0000 | 59.84407 | 33.87687 | 0.0000 |
At most 1* | 101.7554 | 47.85613 | 0.0000 | 38.45901 | 27.58434 | 0.0014 |
At most 2* | 63.29635 | 29.79707 | 0.0000 | 34.47985 | 21.13162 | 0.0004 |
At most 3* | 28.81650 | 15.49471 | 0.0003 | 27.44870 | 14.26460 | 0.0003 |