Westerlund [46] |
---|
Statistics | Gt | Ga | Pt | Pa |
---|
Z-value | 0.58 | 4.64 | − 0.96 | 3.40 |
Pedroni [47] |
---|
Statistics | v | rho | t | ADF |
---|
Panel | − 0.94 | 0.42 | − 3.10*** | − 1.41 |
Group | | 1.42 | − 3.22*** | − 1.52 |
- *** denotes the rejection of containing unit roots at the significance level of 1 per cent