Hypothesized No. of CE(s)

Eigenvalue

Trace Statistic

0.05 Critical Value

Prob**

None*

0.803648

50.47990

29.79707

0.0001

At most 1*

0.671312

23.04802

15.49471

0.0030

At most 2*

0.195547

3.818324

3.8414660

0.0050