Stationarity testing
| Variable | Method | Statistic | p-value | H0: Panels contain unit roots H1: Panels are stationary |
|---|---|---|---|---|
| Ld_EF | Levin-Lin-Chu | −1.569 | 0.0000 | H1 |
| ld_ exp_long_term | −0.6686 | 0.0001 | H1 | |
| ld_med_staff | −1.6026 | 0.0000 | H1 | |
| ld_death_copd | −0.92942 | 0.0000 | H1 | |
| ld_num_wlist | −1.2484 | 0.0000 | H1 | |
| ld_acc | −1.4355 | 0.0000 | H1 | |
| ld_profit | −0.67082 | 0.0034 | H1 | |
| ld_ebitda | −1.4284 | 0.0000 | H1 |
| Variable | Method | Statistic | ||
|---|---|---|---|---|
| Levin-Lin-Chu | −1.569 | 0.0000 | ||
| −0.6686 | 0.0001 | |||
| −1.6026 | 0.0000 | |||
| −0.92942 | 0.0000 | |||
| −1.2484 | 0.0000 | |||
| −1.4355 | 0.0000 | |||
| −0.67082 | 0.0034 | |||
| −1.4284 | 0.0000 |
Source(s): Own elaboration
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