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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
StatisticProb.StatisticProb.StatisticProb.
Panel v-statistic− 5.94321.000− 5.28691.000Group rho-Statistic13.18391.000
Panel ρ-statistic6.46601.0007.25901.000Group PP-Statistic− 18.38210.000***
Panel PP-statistic− 12.14880.000***− 10.3010.000***Group ADF-Statistic− 8.468850.000***
Panel ADF-statistic− 10.31510.000***− 8.49270.000*** 
  1. *** Statistical significance at the 1% level