Number of cointegration

Eigenvalue

Statistic

5% Critical value

Probability^b

Trace test

None^a

0.640165

55.34624

35.19275

0.0001

At most 1^a

0.391305

22.63873

20.26184

0.0231

At most 2

0.190245

6.752740

9.164546

0.1401

Maximum eigenvalue test

None^a

0.640165

32.70751

22.29962

0.0013

At most 1

0.391305

15.88599

15.89210

0.0501

At most 2

0.190245

6.752740

9.164546

0.1401