. 2018 May 9;13(5):e0195708. doi: 10.1371/journal.pone.0195708

Table 13. Pedroni (Engle Granger based) test results.

Panel A: Within-dimension
Panel co-integration test	Individual intercept		Individual intercept and individual trend
	Statistic	Weighted Statistic	Statistic	Weighted Statistic
Panel v-Statistic	1.87^**	-1.25	-0.90	-4.31
Panel rho-Statistic	0.71	-0.01	3.02	2.07
Panel PP-Statistic	-3.22^***	-8.16^***	-4.52^***	-9.12^***
Panel ADF-Statistic	-7.45^***	-9.91^***	-7.87^***	-9.62^***
Panel B: Between-dimension
Panel co-integration test	Statistic		Statistic
Group rho-Statistic	2.51		4.37
Group PP-Statistic	-10.74^***		-11.59^***
Group ADF-Statistic	-10.34^***		-9.46^***

Source: Authors’ computations. Schwarz Info Criterion was selected for lag length.

*** indicates the statistical significance at 1% levels

** indicates the statistical significance at 5% levels

* indicates the statistical significance at 10% levels