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

Statistic

Statistic

Panel v-statistic

−1.005058

−1.014277

Panel rho-statistic

0.676465

0.379609

panelPP-statistic

−1.687064**

−2.138409**

Panel ADF-statistic

−1.745026**

−2.184406**

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

Group rho-Statistic

1.354396

Group PP-Statistic

−1.691309**

Group ADF -statisctic

−1.682971**