Null Hypothesis: Unit root (common unit root process)

Series: D(INV)

Date: 09/26/20 Time: 13:18

Sample: 1991 2018

Exogenous variables: Individual effects

User-specified lags: 1

Newey-West automatic bandwidth selection and Bartlett kernel

Total (balanced) observations: 100

Cross-sections included: 4

Method

Statistic

Prob.**

Levin, Lin & Chu t*

−5.92184

0.0000

** Probabilities are computed assuming asymptotic normality

Intermediate results on D(INV)

Cross

2nd Stage

Variance

HAC of

Max

Band-

section

Coefficient

of Reg

Dep.

Lag

Lag

width

Obs

Gabon

−1.86249

30.565

9.7391

1

1

8.0

25

Cameroun

−0.75983

2.0415

0.2384

1

1

25.0

25

Congo

−1.33595

4.0844

0.6254

1

1

14.0

25

Tchad

−0.95739

7.5633

1.0980

1

1

12.0

25

Coefficient

t-Stat

SE Reg

mu*

sig*

Obs

Pooled

−1.23093

−8.511

1.047

−0.554

0.919

100