Statistical methods | Statistic | Statistics |
Perpdroni | Panel v-Statistic | 2.073606 (0.0191)** |
| Panel rho-Statistic | −0.588827 (0.2780)** |
| Panel PP-Statistic | −4.933536 (0.0000)** |
| Panel ADF-Statistic | −4.473958 (0.0000)** |
| Group rho-Statistic | 1.883452 (0.9702)** |
| Group PP-Statistic | −6.469837 (0.0000)** |
| Group ADF-Statistic | −7.932487 (0.0000)** |
Kao | ADF | −3.521499 (0.0002)** |
Hypothesized No. of CE(s) | Fisher Stat.*from tracetest) | Fisher Stat.* (from max-eigentest) |
None | 448.2(0.0000) | 422.5 (0.0000)** |
At most 1 | 136.1(0.0000) | 136.1 (0.0000)** |