Alternative hypothesis: common Arcoefs: (Within-dimension)

Test statistics

V-stat

Rho-stat

Pp-stat

ADF-stat

Value

5.228701

4.079365

−2.541532

−0.113941

P-value

0.0000

0.9993

0.0055

0.4546

Alternative hypothesis: Individual AR coef (between-dimension)

Test statistics

Group Rho-stat

Group pp-stat

Group ADF stat

Value

4.172144

−10.54342

0.229204

P-value

1.0000

0.0000

0.5906