xtwest y x1 x2 x3 x4 x5 ,lags(0)
Calculating Westerlund ECM panel cointegration tests..........
Results for H0: no cointegration
With 10 series and 5 covariates
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Statistic | Value | Z-value | P-value |
-----------+-----------+-----------+-----------|
Gt | -5.845 | -11.335 | 0.000 |
Ga | -23.490 | -4.846 | 0.000 |
Pt | -17.813 | -9.707 | 0.000 |
Pa | -23.961 | -6.334 | 0.000 |
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以上是面板数据协整后的结果(即是否存在协整关系?感觉应该看p值,但不清楚),请问结果怎么看,结果中字母分别代表什么?求助大家!万分感谢!