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

Weighted

Statistic

Prob.

Statistic

Prob.

Panel v-Statistic

−0.549849

0.0088*

−1.938698

0.0737

Panel rho-Statistic

−0.442100

0.0292**

0.581714

0.0196

Panel PP-Statistic

−4.907997

0.0000*

−4.866084

0.0000

Panel ADF-Statistic

−1.156631

0.0237**

−2.206950

0.0137

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

Statistic

Prob.

Group rho-Statistic

0.208955

0.0828***

Group PP-Statistic

−5.646846

0.0000*

Group ADF-Statistic

−0.634466

0.2629