对面板数据进行协整检验,下面的结果不会看,协整通过了没?有没有经济意义~~谢谢!
Pedroni Residual Cointegration Test
Series: Y? X1? X2? X3?
Date: 01/18/13 Time: 00:03
Sample: 1999 2010
Included observations: 12
Cross-sections included: 31
Null Hypothesis: No cointegration
Trend assumption: Deterministic intercept and trend
User-specified lag length: 1
Newey-West automatic bandwidth selection and Bartlett kernel
Alternative hypothesis: common AR coefs. (within-dimension)
Weighted
Statistic Prob. Statistic Prob.
Panel v-Statistic -3.359718 0.9996 -3.511696 0.9998
Panel rho-Statistic 5.119661 1.0000 3.871983 0.9999
Panel PP-Statistic 1.604699 0.9457 -4.338866 0.0000
Panel ADF-Statistic 1.032161 0.8490 -0.411286 0.3404
Alternative hypothesis: individual AR coefs. (between-dimension)
Statistic Prob.
Group rho-Statistic 6.285311 1.0000
Group PP-Statistic -4.084693 0.0000
Group ADF-Statistic 1.537812 0.9380