Null Hypothesis: unit root (individual unit root process) | |||
Series: LDFC |
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Date: 04/12/16 Time: 22:37 |
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Sample: 1 72 |
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Exogenous variables: individual effects | |||
Newey-West automatic bandwidth selection and Bartlett kernel | |||
Total (balanced) observations: 142 | |||
Cross-sections included: 2 |
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Method | Statistic | Prob.** | |
PP-Fisher Chi-square | 28.9699 | 0.0000 | |
PP-Choi Z-stat | −4.48546 | 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 LDFC | |||
Cross |
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Section | Prob. | Bandwidth | Obs |
FFV | 0.0024 | 2.0 | 71 |
JLX | 0.0002 | 3.0 | 71 |