| Null Hypothesis: Unit root (common unit root process) |
| ||||||
| Series: D(CONS) |
|
|
|
|
| ||
| Date: 09/26/20 Time: 13:09 |
|
|
|
| |||
| Sample: 1991 2018 |
|
|
|
|
| ||
| Exogenous variables: Individual effects |
|
|
| ||||
| User-specified lags: 1 |
|
|
|
|
| ||
| Newey-West automatic bandwidth selection and Bartlett kernel |
| ||||||
| Total (balanced) observations: 50 |
|
|
|
| |||
| Cross-sections included: 2 (2 dropped) |
|
|
| ||||
| Method |
|
| Statistic |
| Prob.** |
| |
| Levin, Lin & Chu t* |
| −4.09755 |
| 0.0000 |
| ||
| ** Probabilities are computed assuming asymptotic normality |
| ||||||
| Intermediate results on D(CONS) |
|
|
|
| |||
| Cross | 2nd Stage | Variance | HAC of |
| Max | Band- |
|
| section | Coefficient | of Reg | Dep. | Lag | Lag | width | Obs |
| Gabon | −1.81003 | 42.322 | 20.959 | 1 | 1 | 11.0 | 25 |
| Cameroun |
| Dropped from Test |
|
|
| ||
| Congo |
| Dropped from Test |
|
|
| ||
| Tchad | −1.16964 | 1.0935 | 0.1910 | 1 | 1 | 15.0 | 25 |
|
| Coefficient | t-Stat | SE Reg | mu* | sig* |
| Obs |
| Pooled | −1.43214 | −6.861 | 1.024 | −0.554 | 0.919 |
| 50 |