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

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