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

Weighted

Statistic

Prob.

Statistic

Prob.

Panel v-Statistic

-0.542297

0.3444

-0.593524

0.3345

Panel rho-Statistic

1.776701

0.0823

1.615471

0.1082

Panel PP-Statistic

-4.022460

0.0001

-0.708623

0.3104

Panel ADF-Statistic

-0.971744

0.2488

0.197977

0.3912

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

Statistic

Prob.

Group rho-Statistic

2.445527

0.0201

Group PP-Statistic

-1.648126

0.1026

Group ADF-Statistic

0.566388

0.3398