The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 4 Results of Pedroni panel cointegration test
From: Causal effect of mergers and acquisitions on EU bank productivity
Within dimension | Between dimension | ||||||
|---|---|---|---|---|---|---|---|
Statistic | Prob. | Statistic | Prob. | Statistic | Prob. | ||
Panel v-statistic | − 5.9432 | 1.000 | − 5.2869 | 1.000 | Group rho-Statistic | 13.1839 | 1.000 |
Panel ρ-statistic | 6.4660 | 1.000 | 7.2590 | 1.000 | Group PP-Statistic | − 18.3821 | 0.000*** |
Panel PP-statistic | − 12.1488 | 0.000*** | − 10.301 | 0.000*** | Group ADF-Statistic | − 8.46885 | 0.000*** |
Panel ADF-statistic | − 10.3151 | 0.000*** | − 8.4927 | 0.000*** | |||