Null Hypothesis: unit root (individual unit root process) | |||
Series: D(FLTC) |
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Date: 03/28/16 Time: 09:36 |
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Sample: 1 144 |
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Exogenous variables: individual effects | |||
Newey-West automatic bandwidth selection and Bartlett kernel | |||
Total (balanced) observations: 140 | |||
Cross-sections included: 2 |
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Method | Statistic | Prob.** | |
PP-Fisher Chi-square | 57.3674 | 0.0000 | |
PP-Choi Z-stat | −6.86787 | 0.0000 | |
**Probabilities for Fisher tests are computed using an asymptotic Chi-square distribution. All other tests assume asymptotic normality. | |||
Intermediate Phillips-Perron test results D(FLTC) | |||
Cross |
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Section | Prob. | Bandwidth | Obs |
FFV | 0.0000 | 1.0 | 70 |
JLX | 0.0000 | 6.0 | 70 |