Group unit root test: Summary | ||||
Series: ASI, GDP, MC, NOD, MCR, TNL, TR, VOT, VR | ||||
Sample: 1961 2015 | ||||
Exogenous variables: Individual effects | ||||
Automatic selection of maximum lags | ||||
Automatic lag length selection based on SIC: 0 to 10 | ||||
Newey-West automatic bandwidth selection and Bartlett kernel | ||||
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Method | Statistic | Prob.** | Cross-Sections | Obs |
Null: Unit root (assumes common unit root process) | ||||
Levin, Lin & Chu t* | 5.67259 | 1.0000 | 9 | 376 |
Null: Unit root (assumes individual unit root process) | ||||
Im, Pesaran and Shin W-stat | −9.12436 | 0.0000 | 9 | 376 |
ADF-Fisher Chi-square | 214.151 | 0.0000 | 9 | 376 |
PP-Fisher Chi-square | 294.143 | 0.0000 | 9 | 404 |