Alternative hypothesis: common AR coefficients (within-dimension)

Statistic

Prob.

Statistic

Prob.

Panel v-Statistic

−0.847992

0.8018

−1.990455

0.9767

Panel rho-Statistic

2.430369

0.9925

2.432539

0.9925

Panel PP-Statistic

−0.800204

0.2118

−0.205617

0.4185

Panel ADF-Statistic

0.230108

0.5910

−0.877033

0.1902

Alternative hypothesis: individual AR coefficients (between-dimension)

Statistic

Prob.

Group rho-Statistic

3.310798

0.9995

Group PP-Statistic

−1.690387

0.0455

Group ADF-Statistic

0.100975

0.5402

Cross-section specific results