Date: 03/18/15 Time: 09:42 | ||||
Sample: 2011 2013 | ||||
Exogenous variables: None | ||||
Automatic selection of maximum lags | ||||
Automatic lag length selection based on SIC: 0 | ||||
Newey-West automatic bandwidth selection and Bartlett kernel | ||||
Balanced observations for each test | ||||
Cross- | ||||
Method | Statistic | Prob.** | sections | Obs |
Null: Unit root (assumes common unit root process) | ||||
Levin, Lin & Chu t* | -0.10572 | 0.4579 | 110 | 220 |
Null: Unit root (assumes individual unit root process) | ||||
ADF - Fisher Chi-square | 414.626 | 0 | 110 | 220 |
PP - Fisher Chi-square | 448.392 | 0 | 110 | 220 |
** Probabilities for Fisher tests are computed using an asymptotic Chi | ||||
-square distribution. All other tests assume asymptotic normality. |
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