The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 3 Pedroni cointegration residual test
Statistic | Prob. | Weighted statistic | Prob. | |
|---|---|---|---|---|
Alternative hypothesis: common AR coefs. (within-dimension) | ||||
Panel v statistic | 0.199166 | 0.4211 | 0.201886 | 0.4200 |
Panel rho-statistic | 1.558817 | 0.9405 | 1.023193 | 0.8469 |
Panel PP-statistic | 0.870046 | 0.8079 | − 0.394907 | 0.3465 |
Panel ADF-statistic | 0.218342 | 0.5864 | − 0.547730 | 0.2919 |
Statistic | Prob. | |
|---|---|---|
Alternative hypothesis: individual AR coefs. (between-dimension) | ||
Group rho-statistic | 2.318638 | 0.9898 |
Group PP-statistic | − 2.307841 | 0.0105 |
Group ADF-statistic | − 1.272429 | 0.1016 |