Alternative hypothesis: common AR coefs. (within-dimension)

Statistic

Statistic

Panel V-statistic

−0.552891

−0.593429

Panel Rho-statistic

0.283904

0.440299

Panel PP-statistic

−2.077425**

−1.783202**

Panel ADF-statistic

−2.055214**

−1.760068**

Alternative hypothesis: individual AR coefs. (between-dimension)

Group Rho-Statistic

1.302237

Group PP-Statistic

−1.403047*

Group ADF-statisctic

−1.415764*