Pool unit root test: Summary
Series: ST_YL, ST_MN, ST_SY, ST_GM, ST_FH, ST_WW, ST_XXW, ST_XH
Date: 03/04/10 Time: 19:49
Sample: 2004 2008
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on SIC: 0
and Bartlett kernel
Balanced observations for each test
Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -3.41800 0.0003 8 32
Null: Unit root (assumes individual unit root process)
Im, Pesaran and Shin W-stat -0.28534 0.3877 8 32
ADF - Fisher Chi-square 14.2395 0.5809 8 32
PP - Fisher Chi-square 16.8390 0.3961 8 32
** Probabilities for Fisher tests are computed using an asymptotic Chi
-square distribution. All other tests assume asymptotic normality.