The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 2 Panel unit root results: series in level
From: Causal effect of mergers and acquisitions on EU bank productivity
Q | K1 | K2 | L | |||||
|---|---|---|---|---|---|---|---|---|
Intercept | Trend | Intercept | Trend | Intercept | Trend | Intercept | Trend | |
LLC | − 14.8049 (0.998) | − 7.7687 (0.9702) | − 19.345 (0.9703) | 12.27 (1.000) | − 5.95 (0.9231) | − 14.80 (0.9175) | − 20.14 (0.9713) | 6.71 (1.000) |
IPS | − 2.63342 (0.9742) | 1.88676 (0.9704) | − 5E+11 (0.084) | − 1.4419 (0.074) | 0.18198 (0.5722) | 1.52 (0.9367) | − 35.705 (0.8702) | − 2.2E+14 (0.9611) |
Fisher-ADF | 437.081 (0.2664) | 330.812 (0.2464) | 405.71 (0.3701) | 320.834 (0.2686) | 337.89 (0.1693) | 287.320 (0.8385) | 568.34 (0.4513) | 318.47 (0.4191) |
Fisher-PP | 518.68 (0.999) | 219.59 (1.000) | 546.804 (0.9992) | 238.81 (0.9994) | 552.56 (0.9847) | 245.88 (0.9982) | 746.68 (0.1252) | 344.36 (0.1149) |