Table 5 Results of non-stationarity... | Emerald Publishing

Table 5

Results of non-stationarity testing – Levin-Lin-Chu tests for panel ADF

Variable	Coefficient	t-student	z-score
with zero lag
d_hvg_g	−1.2063	−23.428	−18.4091	[0.0000]
d_taxenvg	−0.96777	−19.405	−13.9374	[0.0000]
d_taxenp	−0.99177	−19.639	−13.6416	[0.0000]
d_orfarm	−0.88398	−18.796	−13.1725	[0.0000]
d_amagr	−1.1070	−22.334	−17.3406	[0.0000]
d_reen	−1.1083	−20.541	−14.1856	[0.0000]
d_homno	−1.1469	−27.908	−22.9362	[0.0000]
with one lag
d_hvg_g	−1.3311	−16.468	−7.26452	[0.0000]
d_taxenvg	−0.96777	−19.405	−13.9374	[0.0000]
d_taxenp	−1.0395	−14.466	−5.26736	[0.0000]
d_orfarm	−1.0107	−15.751	−7.5138	[0.0000]
d_amagr	−1.2126	−17.253	−8.97393	[0.0000]
d_reen	−1.0461	−13.460	−3.14087	[0.0000]
d_homno	−1.4059	−19.600	−8.6244	[0.0000]

Variable	Coefficient	t-student	z-score
with zero lag
d_hvg_g	−1.2063	−23.428	−18.4091	[0.0000]
d_taxenvg	−0.96777	−19.405	−13.9374	[0.0000]
d_taxenp	−0.99177	−19.639	−13.6416	[0.0000]
d_orfarm	−0.88398	−18.796	−13.1725	[0.0000]
d_amagr	−1.1070	−22.334	−17.3406	[0.0000]
d_reen	−1.1083	−20.541	−14.1856	[0.0000]
d_homno	−1.1469	−27.908	−22.9362	[0.0000]
with one lag
d_hvg_g	−1.3311	−16.468	−7.26452	[0.0000]
d_taxenvg	−0.96777	−19.405	−13.9374	[0.0000]
d_taxenp	−1.0395	−14.466	−5.26736	[0.0000]
d_orfarm	−1.0107	−15.751	−7.5138	[0.0000]
d_amagr	−1.2126	−17.253	−8.97393	[0.0000]
d_reen	−1.0461	−13.460	−3.14087	[0.0000]
d_homno	−1.4059	−19.600	−8.6244	[0.0000]

Note(s): H0: Panels contain unit roots

Source(s): Authors' own elaboration