Variables

ILC statistic

Breitung

statistic

IPS

statistic

Fisher-ADF statistic

Fisher-PP statistic

Individual

inter

Individual

trend and

int

Individual

trend and

int

Individual

inter

Individual

trend and

int

Individual

inter

Individual

trend and

int

Individual

inter

Individual

trend and

int

−21.12^***

(0.00)

−21.55^***

(0.00)

−7.24^***

(0.00)

−15.64^***

(0.00)

−12.21^***

(0.00)

447.16^***

(0.00)

348.66^***

(0.00)

477.11^***

(0.00)

411.02^***

(0.00)

−17.39^***

(0.00)

−17.78^***

(0.00)

−7.7^***

(0.00)

−12.43^***

(0.00)

−7.8^***

(0.01)

369.57^***

(0.00)

261.4^***

(0.01)

426.42^***

(0.00)

429.84^***

(0.00)

−20.49^***

(0.00)

−17.8^***

(0.00)

−5.53^***

(0.00)

−14.38^***

(0.02)

−8.91^***

(0.00)

404.58^***

(0.03)

290.32^***

(0.00)

391.55^***

(0.02)

465.77^***

(0.00)

FDI

−10.64^***

(0.00)

−14.2^***

(0.00)

−5.15^***

(0.00)

−8.00^***

(0.00)

−7.06^***

(0.00)

278.71^***

(0.00)

256.41^***

(0.00)

302.46^***

(0.04)

296.23^***

(0.00)

−10.26^***

(0.00)

−15.41^***

(0.00)

−3.96^***

(0.01)

−1.08^***

(0.00)

−4.36^***

(0.00)

125.31^***

(0.00)

179.19^***

(0.00)

138.65^***

(0.00)

211.46^***

(0.00)

CS

−18.1^***

(0.00)

−19.64^***

(0.00)

−8.98^***

(0.00)

−12.97^***

(0.00)

−11.22^***

(0.00)

398.62^***

(0.00)

338.56^***

(0.00)

480.46^***

(0.00)

502.26^***

(0.00)