Lags interval (in first differences): 1 to 1

Unrestricted Cointegration Rank Test (Trace)

Hypothesized

Trace

0.05

No. of CE(s)

Eigenvalue

Statistic

Critical Value

Prob.**

None *

0.529057

29.88000

29.79707

0.0489

At most 1

0.302129

12.56058

15.49471

0.1319

At most 2*

0.170051

4.287003

3.841466

0.0384