Methods

Within-dimension

Between-dimension

Test

Statistic

Prob

Test

Statistic

Prob

Pedroni (1999)

Panel v-Stat

0.344977

0.3651

Group rho-Stat

3.596513

0.9998

Panel rho-stat

2.211832

0.9865

Group PP-Stat

−4.324792

0.0000

Panel PP-stat

−3.772725

0.0001

Group ADF-Stat

−4.542495

0.0010

Panel ADF-Stat

−3.325116

0.0004

Pedroni (2004)

Panel v-Stat

−1.450848

0.9266

Panel rho-stat

2.263391

0.9882

Panel PP-stat

−5.183565

0.0000

Panel ADF-Stat

−5.141132

0.0000