Individual Intercept

LLC

IPS

ADF Fisher

PP-Fisher

LHE

−3.4015 (0.0003)

1.7600 (0.9608)

14.3959 (0.9927)

20.5466 (0.9015)

LY

−6.7574 (0.0000)

−2.5400 (0.0055)

48.3752 (0.0182)

74.9286 (0.0000)

ADRO

−0.8565 (0.1959)

0.6446 (0.7404)

81.0329 (0.0000)

20.6911 (0.8973)

ADRY

−20.2487(0.0000)

−27.2769 (0.0000)

232.590 (0.0000)

83.9225 (0.0000)

LGE

−5.4892 (0.0000)

0.5595 (0.7121)

28.2008 (0.5598)

42.4360 (0.0656)

−1.5224 (0.0639)

−2.2097 (0.0136)

45.3447 (0.0358)

83.0441 (0.000)

−6.2180 (0.0000)

−3.1361 (0.0009)

53.6936 (0.0050)

75.9320 (0.0000)

−4.8418 (0.0000)

−4.4227 (0.0000)

100.890 (0.0000)

8.0994 (1.0000)

−9.2499 (0.0000)

−4.3374 (0.0000)

87.8882 (0.0000)

68.4171 (0.0000)

−1.4138 (0.0787)

−2.4874 (0.0064)

55.2328 (0.0033)

83.1283 (0.0000)

Individual Intercept and Trend

LHE

3.4618 (0.9997)

1.98380 (0.9764)

18.9048 (0.9420)

9.5295 (0.9999)

LY

−2.4113 (0.0079)

1.4735 (0.9297)

19.4546 (0.9300)

7.8585 (1.0000)

ADRO

−7.6865 (0.0000)

−7.3390 (0.0000)

139.631 (0.0000)

7.2918 (1.0000)

ADRY

−16.4703 (0.0000)

−7.3958 (0.0000)

116.251 (0.0000)

72.4029 (0.0000)

LGE

2.0645 (0.9805)

2.3090 (0.9895)

20.3599 (0.9068)

11.7933 (0.9988)

−2.4042 (0.0081)

−0.4707 (0.3189)

32.8224 (0.3303)

66.9182 (0.0001)

−8.0592 (0.0000)

−3.9904 (0.0000)

64.9759 (0.0002)

113.367 (0.0000)

−12.7757 (0.0000)

−10.5698 (0.0000)

110.165 (0.0000)

3.3232 (1.0000)

−7.5380 (0.0000)

−7.4602 (0.0000)

78.3868 (0.0000)

48.6058 (0.0172)

−2.9817 (0.0014)

−1.9436 (0.0260)

52.2095 (0.0072)

66.8027 (0.0001)