Table A1 Results of panel unit root... | Emerald Publishing

Table A1

Results of panel unit root tests

Variables	IPS	Fisher Phillips and Perron	Fisher ADF regression	Maddala and Wu (1999)	Pesaran (2007)
Variables	W t-bar	Inverse chi-square	Inverse chi-square	Chi square	Z t-bar
BankZscore	−1.40*	39.11**	35.95**	35.95**	−1.186**
YOYOFI/TFA	−8.14***	172.86***	128.32***	185.71***	−5.82***
YOYEF2/TEF	−8.56***	93.47***	112.27***
GDP	1.48	25.21	16.12	16.12	1.12
Inflation	−0.90	64.43***	31.20*	31.20*	0.37
Bank3Conc	1.12	22.19	12.71	12.71	1.12
Bank5Conc	0.96	20.09	16.11	16.12	0.42
Bank ROA	−0.39	44.94***	28.67	29.08	0.63
Bank NIM	−0.33	47.49***	21.36	23.48	−1.75**
Bank C_I	−2.06**	61.45***	42.18***	40.93***	−2.06***
Bank O_H cost/TA	−0.51	77.51***	27.01	27.01	1.10
Bank NPL/gross loans	−3.37***	214.27***	61.77***	57.80***	−1.39*
StockTr	−0.48	44.37***	23.12	21.25	2.45
OS publicDebt	0.48	61.35***	45.53***	6.40	−0.10
Liquidity	−0.53	19.0	24.02	34.23**	0.02
BankCRAR	−1.13	29.23	33.05*	33.05*	−0.23
Policyrate	−0.68	21.99	24.15	21.99	0.31

Variables	IPS	Fisher Phillips and Perron	Fisher ADF regression	Maddala and Wu (1999)	Pesaran (2007)
Variables	W t-bar	Inverse chi-square	Inverse chi-square	Chi square	Z t-bar
BankZscore	−1.40*	39.11**	35.95**	35.95**	−1.186**
YOYOFI/TFA	−8.14***	172.86***	128.32***	185.71***	−5.82***
YOYEF2/TEF	−8.56***	93.47***	112.27***
GDP	1.48	25.21	16.12	16.12	1.12
Inflation	−0.90	64.43***	31.20*	31.20*	0.37
Bank3Conc	1.12	22.19	12.71	12.71	1.12
Bank5Conc	0.96	20.09	16.11	16.12	0.42
Bank ROA	−0.39	44.94***	28.67	29.08	0.63
Bank NIM	−0.33	47.49***	21.36	23.48	−1.75**
Bank C_I	−2.06**	61.45***	42.18***	40.93***	−2.06***
Bank O_H cost/TA	−0.51	77.51***	27.01	27.01	1.10
Bank NPL/gross loans	−3.37***	214.27***	61.77***	57.80***	−1.39*
StockTr	−0.48	44.37***	23.12	21.25	2.45
OS publicDebt	0.48	61.35***	45.53***	6.40	−0.10
Liquidity	−0.53	19.0	24.02	34.23**	0.02
BankCRAR	−1.13	29.23	33.05*	33.05*	−0.23
Policyrate	−0.68	21.99	24.15	21.99	0.31

Source(s): Authors' own creation