Pedroni Residual Cointegration Test     
Series: D(NMRJCSR?) LYCZ? YYCZ? NYCZ?      
Date: 09/12/10   Time: 19:16     
Sample: 1981 2008     
Included observations: 28     
Cross-sections included: 11     
Null Hypothesis: No cointegration     
Trend assumption: Deterministic intercept and trend     
Automatic lag length selection based on HQIC with a max lag of 5     
Newey-West automatic bandwidth selection and Bartlett kernel     
     
Alternative hypothesis: common AR coefs. (within-dimension)     
    Weighted
  Statistic Prob. Statistic Prob.
Panel v-Statistic  -0.010447  0.5042  0.017996  0.4928
Panel rho-Statistic   1.448586  0.9263  1.488708  0.9317
Panel PP-Statistic   0.035544  0.5142 -0.053887  0.4785
Panel ADF-Statistic  -2.178849  0.0147 -2.412419  0.0079
     
Alternative hypothesis: individual AR coefs. (between-dimension)     
     
  Statistic Prob.  
Group rho-Statistic   2.772048  0.9972  
Group PP-Statistic   0.673220  0.7496  
Group ADF-Statistic  -2.613901  0.0045