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  • Unit Root Test Panel Data

    Hi!

    I went help for Unit Root Test for Panel Data.

    I do Unit Root Test and the result is that.

    . xtunitroot ips L.FD_FI_IX

    Im-Pesaran-Shin unit-root test for L.FD_FI_IX
    ---------------------------------------------
    Ho: All panels contain unit roots Number of panels = 39
    Ha: Some panels are stationary Avg. number of periods = 36.97

    AR parameter: Panel-specific Asymptotics: T,N -> Infinity
    Panel means: Included sequentially
    Time trend: Not included

    ADF regressions: No lags included
    ------------------------------------------------------------------------------
    Fixed-N exact critical values
    Statistic p-value 1% 5% 10%
    ------------------------------------------------------------------------------
    t-bar -1.5916 (Not available)
    t-tilde-bar -1.4894
    Z-t-tilde-bar -0.2639 0.3959
    ------------------------------------------------------------------------------


    I don't understand why I have (Not available).

    Thanks.
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