Trend: constant | Number of obs = 48 | ||||
---|---|---|---|---|---|
Sample: 1973–2020 | Lags = 3 | ||||
Maximum rank | Parms | LL | Eigenvalue | Trace statistics | 5% critical value |
0 | 36 | 39.275466 | Â | 64.1484 | 47.21 |
1 | 43 | 54.513586 | 0.47002 | 33.6721 | 29.68 |
2 | 48 | 65.450046 | 0.36599 | 11.7992* | 15.41 |
3 | 51 | 70.313068 | 0.18342 | 2.0732 | 3.76 |
4 | 52 | 71.349655 | 0.04227 | Â | Â |