Alternative hypothesis: common AR coefs. (within-dimension)

Weighted

Statistic

Prob.

Statistic

Prob.

Panel v-Statistic

1.382484

0.0834***

1.586353

0.0563

Panel rho-Statistic

0.306899

0.6205

0.128059

0.5509

Panel PP-Statistic

−1.632623

0.0513***

−2.118482

0.0171

Panel ADF-Statistic

−0.955258

0.1697

−1.392742

0.0818

Alternative hypothesis: individual AR coefs. (between-dimension)

Statistic

Prob.

Group rho-Statistic

0.770779

0.7796

Group PP-Statistic

−1.955619

0.0253**

Group ADF-Statistic

−1.066013

0.1432