Unrestricted Cointegration Rank Test (Trace) |
| |||
Hypothesized |
| Trace | 0.05 |
|
No. of CE (s) | Eigen Value | Statistic | Critical Value | Prob.** |
None* | 0.815946 | 86.52153 | 60.06141 | 0.0001 |
Atmost1* | 0.615426 | 42.51585 | 40.17493 | 0.0285 |
Atmost2 | 0.429535 | 17.66976 | 24.27596 | 0.2703 |
Atmost3 | 0.108132 | 3.075851 | 12.32090 | 0.8381 |
Atmost4 | 0.003857 | 0.100486 | 4.129906 | 0.7943 |
Trace test indicates 2 cointegratingeqn(s) at the 0.05 level |