Panel co-integration test
| ADF | t-statistics | Probability |
|---|---|---|
| −5.621523*** | 0.00 | |
| Series: ROA, RRR, DL | ||
| Sample: 2019Q1–2021Q3 | ||
| Number of observations: 165 | ||
| ADF | Probability | |
|---|---|---|
| −5.621523*** | 0.00 | |
| Series: ROA, RRR, DL | ||
| Sample: 2019Q1–2021Q3 | ||
| Number of observations: 165 | ||
Note(s): (1) The co-integration between the study’s variables was tested using Kao’s (1999) test. (2) The symbol *** indicates the significance at the 1% level
Source(s): EViews 13 software for statistical analysis
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