Interpert cointegration test result

[sara alnusair]

cointegration test

Tests	Statistic	Prob.	W.statistic	Prob.
	Pedroni Test
Paneled vstatistic	-0.390479	0.6519	-1.768822	0.9615
Paneled rhostatistic	-0.083471	0.4667	-0.652480	0.2570
Paneled PPstatistic	-3.931047	0.0000*	-4.551863	0.0000*
Paneled ADF statistic	-3.634569	0.0001*	-4.448718	0.0000*
Grouped rho-statistic	1.390907	0.9179
Grouped PPstatistic	-6.079566	0.0000*
Grouped ADFstatistic	-6.267987	0.0000*
	KAO Test
	Statistic	P value
Modified Dickey–Fuller t	-7.2447	0.0000*
Dickey–Fuller t	-5.4553	0.0000*
Augmented Dickey–Fuller t	-8.0725	0.0000*
Unadjusted modified Dickey–Fuller t	-11.9728	0.0000*
Unadjusted Dickey–Fuller t	- 6.6466	0.0000*
	Westerlund(With CSD)
	Statistic	P value
Gt	-3.459	0.000*
Ga	-10.272	0.040*
Pt	-14.296	0.010**
Pa	-11.006	0.040**

Note that * and ** indicate significance levels at 1% and 5% respectively.




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