Alternative hypothesis: common AR coefs. (within-dimension) | ||||
| Statistic | Prob. | Weighted Statistic | Prob. |
Panel v-Statistic | 41.49205 | 0.0000 | 42.04641 | 0.0000 |
Panel rho-Statistic | 0.078105 | 0.5311 | −0.153613 | 0.4390 |
Panel PP-Statistic | −12.57958 | 0.0000 | −12.37828 | 0.0000 |
Panel ADF-Statistic | −3.212892 | 0.0007 | −3.281447 | 0.0005 |
Alternative hypothesis: individual AR coefs. (between-dimension) | ||||
| Statistic | Prob. |
|
|
Group rho-Statistic | 2.336004 | 0.9903 |
|
|
Group PP-Statistic | −3.545959 | 0.0002 |
|
|
Group ADF-Statistic | −3.006709 | 0.0013 |
|
|
ADF (Kao test) | −4.596027 | 0.0000 |
|
|