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