Industry

Model 1 TFP, LPW

Model 2

TFP, LMS

Model 3

TFP, LPS

Model 4

TFP, LPW

LMS, LPS

Model 5

TFP, LN, LK,

LPW, LMS, LPS

Model 6

LGVA, LPW

LMS, LPS

Model 7

LLP, LPW

LMS, LPS

Within dimension

Panel ν-statistic

0.130156*

−0.8027*

−1.1212*

−0.7344*

−1.06218*

−1.2439*

−1.24526*

Panel
ρ-statistic

−2.26606

−0.4921*

−0.1042*

0.776996*

2.398935*

1.506255*

1.54915*

Panel PP-statistic

−6.1655

−3.50799

−2.29071

−2.9479

−4.64576

−1.39032**

−1.38424**

Panel ADF-statistic

−4.56598

−3.7262

−1.93872

−3.20042

−4.09079

−1.56032**

−1.57249**

Between dimension

Panel
ρ-statistic

−1.14839

−0.5170*

0.40412*

2.18384*

4.455853*

2.12616*

2.179428*

Panel PP-statistic

−8.97413

−6.42474

−3.75229

−8.00069

−8.62577

−6.82544

−6.69809

Panel ADF-statistic

−6.53083

−6.3997

−2.26496

−5.08535

−4.88383

−4.75467

−4.77406