Hypothesized

Max-Eigen

0.05

No. of CE(s)

Eigenvalue

Statistic

Critical Value

Prob.^**

None^*

0.942683

97.21153

46.23142

0.0000

At most 1^*

0.840035

62.3152

40.07757

0.0000

At most 2^*

0.688168

39.61985

33.87687

0.0093

At most 3

0.516753

24.72575

27.58434

0.1113

At most 4^*

0.501442

23.66523

21.13162

0.0215

At most 5

0.274219

10.89723

14.2646

0.1594

At most 6^*

0.206539

7.865935

3.841466

0.0050