Group unit root test: Summary
Series: NMRJCSR_JS, NMRJCSR_ZJ, NMRJCSR_GD, NMRJCSR_FJ,
NMRJCSR_SC, NMRJCSR_JX, NMRJCSR_HEN, NMRJCSR_HEB,
NMRJCSR_SD, NMRJCSR_HU, NMRJCSR_HUB, LYCZ_JS, LYCZ_ZJ,
LYCZ_GD, LYCZ_FJ, LYCZ_SC, LYCZ_JX, LYCZ_HEN, LYCZ_HEB,
LYCZ_SD, LYCZ_HU, LYCZ_HUB, NYCZ_JS, NYCZ_ZJ, NYCZ_GD,
NYCZ_FJ, NYCZ_SC, NYCZ_JX, NYCZ_HEN, NYCZ_HEB, NYCZ_SD,
NYCZ_HU, NYCZ_HUB, YYCZ_JS, YYCZ_ZJ, YYCZ_GD, YYCZ_FJ,
YYCZ_SC, YYCZ_JX, YYCZ_HEN, YYCZ_HEB, YYCZ_SD, YYCZ_HU,
YYCZ_HUB
Date: 09/05/10 Time: 09:20
Sample: 1981 2008
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on SIC: 0 to 3
and Bartlett kernel
Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* 0.6970039577871509 0.7570998415207146 44 1121
Null: Unit root (assumes individual unit root process)
Im, Pesaran and Shin W-stat -1.03425497169228 0.1505084906398933 44 1121
ADF - Fisher Chi-square 158.9557362752131 5.47487567004179e-06 44 1121
PP - Fisher Chi-square 185.1337713786354 6.908466132493629e-09 44 1144
** Probabilities for Fisher tests are computed using an asymptotic Chi
-square distribution. All other tests assume asymptotic normality.