| Pedroni Residual Cointegration Test |
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| Series: DTPUB CONS INF INV |
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| Date: 10/23/20 Time: 16:08 |
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| Sample: 1991 2018 |
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| Included observations: 112 |
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| Cross-sections included: 4 |
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| Null Hypothesis: No cointegration |
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| Trend assumption: Deterministic intercept and trend |
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| Automatic lag length selection based on SIC with a max lag of 5 | |||||
| Newey-West automatic bandwidth selection and Bartlett kernel | |||||
| Alternative hypothesis: common AR coefs. (within-dimension) | |||||
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| Weighted |
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| Statistic | Prob. | Statistic | Prob. | ||
| Panel v-Statistic | 1.408679 | 0.0795 | 0.475092 | 0.3174 | |
| Panel rho-Statistic | −0.345377 | 0.3649 | 0.252821 | 0.5998 | |
| Panel PP-Statistic | −2.167521 | 0.0151 | −1.063443 | 0.1438 | |
| Panel ADF-Statistic | −2.494619 | 0.0063 | −1.448242 | 0.0738 | |
| Alternative hypothesis: individual AR coefs. (between-dimension) | |||||
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| Statistic | Prob. |
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| Group rho-Statistic | 0.620651 | 0.7326 |
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| Group PP-Statistic | −1.233750 | 0.1086 |
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| Group ADF-Statistic | −1.551252 | 0.0604 |
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| Cross section specific results |
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| Phillips-Peron results (non-parametric) |
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| Cross ID | AR(1) | Variance | HAC | Bandwidth | Obs |
| Gabon | 0.083 | 92.58379 | 88.97043 | 3.00 | 27 |
| Cameroun | 0.817 | 65.28135 | 126.9218 | 3.00 | 27 |
| Congo | 0.195 | 699.1484 | 699.1484 | 0.00 | 27 |
| Tchad | 0.447 | 118.2588 | 132.6822 | 1.00 | 27 |
| Augmented Dickey-Fuller results (parametric) |
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| Cross ID | AR(1) | Variance | Lag | Max lag | Obs |
| Gabon | 0.083 | 92.58379 | 0 | 5 | 27 |
| Cameroun | 0.736 | 43.17183 | 2 | 5 | 25 |
| Congo | 0.195 | 699.1484 | 0 | 5 | 27 |
| Tchad | 0.447 | 118.2588 | 0 | 5 | 27 |