Statistic

Probability

Panel v-Statistic

0.5182

0.3022

Panel rho-Statistic

−1.7670

0.0386**

Panel PP-Statistic

−2.8256

0.0024***

Panel ADF-Statistic

−1.8409

0.0328**

Group rho-Statistic

−0.7433

0.2286

Group PP-Statistic

−2.9372

0.0017***

Group ADF-Statistic

−1.9484

0.0257**