WAEMU

CAEMC

IPS $W_{t\text{-}bar}$

Breitung t−stat

IPS $W_{t\text{-}bar}$

Breitung t−stat

Constante

Tendance

Constante

Tendance

Constante

Tendance

Constante

Tendance

$phe{h}_{it}$

0.577

−0.213

0.275

−0.892

−1.618

−0.541

−0.134

−0.986

$gdp{h}_{it}$

0.025

1.533

1.972

1.834

−0.031

0.743

0.848

1.976

$lex{p}_{it}$

−9.003*

−43.281*

−3.848*

4.498

−16.965*

−37.189*

−7.103*

3.373

$yd{r}_{it}$

−2.261*

−6.521*

−4.066*

2.923

−8.123*

0.041

−5.169*

4.676

$ed{r}_{it}$

−0.365

−1.422

−3.315*

1.215

−3.557*

3.057

−5.800*

5.220

$\Delta phe{h}_{it}$

−8.902*

−7.387*

−4.415*

−3.771*

−7.115*

−6.270*

−4.013*

−3.306*

$\Delta gdp{h}_{it}$

−8.073*

−6.970*

−2.923*

−1.376

−3.208*

−3.295*

−3.030*

0.989

$\Delta lex{p}_{it}$

−6.516*

−24.763*

−0.091

3.142

−3.903*

3.830

0.069

4.803

$\Delta yd{r}_{it}$

0.142

−10.796*

0.441

4.040

2.313

−5.471*

0.299

4.885

$\Delta ed{r}_{it}$

1.481

−10.450*

1.783

3.391

1.268

−1.815*

−1.490

6.667