Table 2. Panel unit root tests: ECO countries (1995-2009) .
| Variables | Beritung | Hadri | LLC1 | Fisher2 | IPS test | CIPS test3 |
| LH |
2.2915 (0.9890) |
15.3604 (0.0000) |
-1.5969 (0.0551) |
21.1103 (0.3907) |
-1.5228 (0.5782) |
-1.329 (0.865) |
| LGDP |
2.3853 (0.9915) |
10.7618 (0.0000) |
-3.2204 (0.0006) |
1.2873 (1.0000) |
-2.6622 (0.0474) |
-1.333 (0.863) |
| Lage1 |
4.9558 (1.000) |
14.5319 (0.0000) |
-0.9548 (0.16980 |
33.9856 (0.0262) |
-0.9601 (0.8119) |
-1.950 (0.243) |
| Lage6 |
7.4319 (1.000) |
12.7967 (0.0000) |
-13.5558 (0.0000) |
140.0676 (0.0000) |
0.5162 (1.0000) |
-0.669 (0.999) |
| Ldoc |
1.0742 (0.8586) |
8.5185 (0.0000) |
-1.7329 (0.0416) |
22.7307 (0.3022) |
-1.8436 (0.1905) |
-0.972 (0.984) |
| Lpvt |
1.2446 (0.8934) |
11.4404 (0.0000) |
-3.6272 (0.0001) |
19.4630 (0.4919) |
-1.9511 (0.2482) |
-2.130 (0.112) |
| Lurb |
6.8140 (1.000) |
17.1424 (0.0000) |
-0.3945 (0.3466) |
38.4596 (0.0078) |
-0.4484 (0.9994) |
-0.126 (1.000) |
|
NOTE: Figures contain critical values at above of each cell and P-values for beritung, Hadri, LLC , T-values for IPS and CIPS and χ2 for fisher test 1. LLC test results for adjusted t, with time trend. 2. Fisher test results without lags 3. CIPS test for Cross-sectional average in first period extracted and extreme t-values truncated | ||||||