| Eigenvalue | Trace Stat. | 5% critical value | Max Eigen. Stat. | 5% critical value | Number of co-integrations |
| 0.673 | 36.765* | 25.872 | 29.023* | 19.387 | None |
| 0.258 | 7.742 | 12.518 | 7.742 | 12.518 | At most 1 |