Alternative hypothesis: common AR coefficients (within-dimension) | ||||
| Weighted | |||
Statistic | Prob. | Statistic | Prob. | |
Panel v-Statistic | −0.157967 | 0.5628 | −0.697279 | 0.7572 |
Panel rho-Statistic | 2.733561 | 0.9969 | 2.597393 | 0.9953 |
Panel PP-Statistic | −3.479296 | 0.0003 | −4.687421 | 0.0000 |
Panel ADF-Statistic | −2.479796 | 0.0066 | −2.769241 | 0.0028 |
Alternative hypothesis: individual AR coefficients (between-dimension) | ||||
| Statistic | Prob. |
|
|
Group rho-Statistic | 3.405892 | 0.9997 |
|
|
Group PP-Statistic | −8.505508 | 0.0000 |
|
|
Group ADF-Statistic | −3.493142 | 0.0002 |
|
|