Tests

Statistic

Prob.

Common AR Coefficients (within dimension)

Panel v-Statistic

−0.407

0.658

Panel rho-Statistic

−0.439

0.330

Panel PP-Statistic

−2.245*

0.012

Panel ADF-Statistic

−2.552*

0.005

Individual AR Coefficients (between dimension)

Group rho-Statistic

0.404

0.657

Group PP-Statistic

−2.471*

0.006

Group ADF-Statistic

−2.642*

0.004