eviews协整检验j结果怎么看

Date: 11/25/18   Time: 22:28   
Sample (adjusted): 2000 2014   
Included observations: 15 after adjustments   
Trend assumption: Linear deterministic trend   
Series: LNIMPORT LNEXCHANGERATE LNCPI LNAREA     
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 *  0.893223  77.95032  47.85613  0.0000
At most 1 *  0.808159  44.39515  29.79707  0.0006
At most 2 *  0.680565  19.62882  15.49471  0.0112
At most 3  0.154127  2.510790  3.841466  0.1131
   
Trace test indicates 3 cointegrating eqn(s) at the 0.05 level   
* denotes rejection of the hypothesis at the 0.05 level   
**MacKinnon-Haug-Michelis (1999) p-values   
   
Unrestricted Cointegration Rank Test (Maximum Eigenvalue)   
   
Hypothesized  Max-Eigen 0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
   
None *  0.893223  33.55517  27.58434  0.0076
At most 1 *  0.808159  24.76633  21.13162  0.0147
At most 2 *  0.680565  17.11803  14.26460  0.0172
At most 3  0.154127  2.510790  3.841466  0.1131
   
Max-eigenvalue test indicates 3 cointegrating eqn(s) at the 0.05 level   
* denotes rejection of the hypothesis at the 0.05 level   
**MacKinnon-Haug-Michelis (1999) p-values   
   
Unrestricted Cointegrating Coefficients (normalized by b'*S11*b=I):     
   
LNIMPORT LNEXCHANGERATE LNCPI LNAREA
0.714957 -7.151125 -17.08464  8.439629
-2.871058 -20.64657  0.445229  2.952271
1.438895  21.59348 -18.18981 -7.306910
2.041253  18.12766 -6.999375 -20.15064
   
   
Unrestricted Adjustment Coefficients (alpha):     
   
D(LNIMPORT) -0.096842  0.174284  0.051750 -0.033896
D(LNEXCHANGERATE)  0.002100  0.012268  0.002019  0.004583
D(LNCPI)  0.047344  0.005195  0.068991  0.003029
D(LNAREA) -0.050331  0.027629  0.012891 -0.001831
   
   
1 Cointegrating Equation(s):   Log likelihood  100.3726
   
Normalized cointegrating coefficients (standard error in parentheses)   
LNIMPORT LNEXCHANGERATE LNCPI LNAREA
1.000000 -10.00217 -23.89603  11.80438
  (2.67596)  (3.52342)  (2.99077)
   
Adjustment coefficients (standard error in parentheses)   
D(LNIMPORT) -0.069238   
  (0.05334)   
D(LNEXCHANGERATE)  0.001501   
  (0.00432)   
D(LNCPI)  0.033849   
  (0.02044)   
D(LNAREA) -0.035984   
  (0.00927)   
   
   
2 Cointegrating Equation(s):   Log likelihood  112.7558
   
Normalized cointegrating coefficients (standard error in parentheses)   
LNIMPORT LNEXCHANGERATE LNCPI LNAREA
1.000000  0.000000 -10.08489  4.339065
   (1.63296)  (1.04550)
0.000000  1.000000  1.380814 -0.746370
   (0.21627)  (0.13846)
   
Adjustment coefficients (standard error in parentheses)   
D(LNIMPORT) -0.569617 -2.905834  
  (0.13850)  (1.02281)  
D(LNEXCHANGERATE) -0.033721 -0.268315  
  (0.01318)  (0.09731)  
D(LNCPI)  0.018935 -0.445814  
  (0.08442)  (0.62347)  
D(LNAREA) -0.115309 -0.210521  
  (0.02701)  (0.19945)  
   
   
3 Cointegrating Equation(s):   Log likelihood  121.3148
   
Normalized cointegrating coefficients (standard error in parentheses)   
LNIMPORT LNEXCHANGERATE LNCPI LNAREA
1.000000  0.000000  0.000000  3.566377
    (1.42951)
0.000000  1.000000  0.000000 -0.640574
    (0.14913)
0.000000  0.000000  1.000000 -0.076618
    (0.11470)
   
Adjustment coefficients (standard error in parentheses)   
D(LNIMPORT) -0.495154 -1.788367  0.790780
  (0.14317)  (1.33681)  (1.08613)
D(LNEXCHANGERATE) -0.030816 -0.224709 -0.067150
  (0.01448)  (0.13524)  (0.10988)
D(LNCPI)  0.118205  1.043942 -2.061473
  (0.05557)  (0.51891)  (0.42160)
D(LNAREA) -0.096760  0.067838  0.637702
  (0.02650)  (0.24741)  (0.20101)