Pedroni cointegration test | ||||
---|---|---|---|---|
Estimates | Statistic | Prob. | Weighted Statistics | Prob. |
Alternative hypothesis: common AR coefficients (within-dimension) | ||||
 Panel v-Statistic | −0.837 | 0.799 | 0.347 | 0.3642 |
 Panel rho-Statistic | 3.456 | 0.999 | 2.644 | 0.996 |
 Panel PP-Statistic | 0.522 | 0.699 | −1.614* | 0.053 |
 Panel ADF-Statistic | −1.821** | 0.034 | −2.554*** | 0.005 |
Alternative hypothesis: individual AR coefficients (between-dimension) | ||||
 Group rho-Statistic | 3.843 | 0.999 | ||
 Group PP-Statistic | −3.082*** | 0.001 | ||
 Group ADF-Statistic | −2.995*** | 0.001 | ||
Kao cointegration test | ||||
 Statistic | t-statistic | Prob. | ||
 ADF | −3.593*** | 0.000 |