Panel cointegration tests
| Panel A: Pedroni cointegration tests: Alternative hypothesis: common AR coefs. (within-dimension) | ||||
|---|---|---|---|---|
| Statistic | Prob | Weighted Statistic | Prob | |
| Panel v-Statistic | 1.192 | 0.117 | −0.689 | 0.754 |
| Panel rho-Statistic | −2.374 | 0.009 | −1.927 | 0.027 |
| Panel PP-Statistic | −5.834 | 0.000 | −5.614 | 0.000 |
| Panel ADF-Statistic | −1.351 | 0.088 | −1.859 | 0.031 |
| Panel A: Pedroni cointegration tests: Alternative hypothesis: common AR coefs. (within-dimension) | ||||
|---|---|---|---|---|
| Statistic | Prob | Weighted Statistic | Prob | |
| Panel v-Statistic | 1.192 | 0.117 | −0.689 | 0.754 |
| Panel rho-Statistic | −2.374 | 0.009 | −1.927 | 0.027 |
| Panel PP-Statistic | −5.834 | 0.000 | −5.614 | 0.000 |
| Panel ADF-Statistic | −1.351 | 0.088 | −1.859 | 0.031 |
| Panel B: Pedroni cointegration tests: Alternative hypothesis: individual AR coefs. (between-dimension) | ||
|---|---|---|
| Statistic | Prob | |
| Group rho-Statistic | −1.161 | 0.122 |
| Group PP-Statistic | −6.107 | 0.000 |
| Group ADF-Statistic | −1.902 | 0.028 |
| Panel B: Pedroni cointegration tests: Alternative hypothesis: individual AR coefs. (between-dimension) | ||
|---|---|---|
| Statistic | Prob | |
| Group rho-Statistic | −1.161 | 0.122 |
| Group PP-Statistic | −6.107 | 0.000 |
| Group ADF-Statistic | −1.902 | 0.028 |
Source(s): Own elaboration
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.