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Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 6 Pedroni and Kao cointegration test (trade deficit is dependent variable)

From: Does infrastructure increase exports and reduce trade deficit? Evidence from selected South Asian countries using a new Global Infrastructure Index

 

Within-dimension (Panel)

Between-dimension (Group)

v-Statistic

1.852***

− 1.7708**

Group-rho

0.159

rho-Statistic

− 0.812

0.868

Group-PP

− 2.214***

PP-statistic

− 2.323***

0.0472

Group ADF

− 2.204***

ADF-statistic

− 1.526***

0.548

Kao test

− 2.79***

  1. ****, ** and * denote the significance at 1%, 5%, and 10%, respectively
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