Alternative hypothesis: common AR coefs. (within-dimension)

Summary

Statistics

Prob.

Weighted

Prob.

Panel v-Statistic

−1.4844

0.9311

−3.027970

0.9988

Panel rho-Statistic

2.6826

0.9963

3.755799

0.9999

Panel PP-Statistic

−13.5302

0.0000

−7.953457

0.0000

Panel ADF-Statistic

−9.5782

0.0000

−4.287405

0.0000

Alternative hypothesis: individual AR coefs. (between-dimension)

Group rho-Statistic

5.6319

1.0000

Group PP-Statistic

−10.6379

0.0000

Group ADF-Statistic

−3.9038

0.0000