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Westerlund (2007) ECM panel cointegration tests
| Statistica | Value | Z value | P value | Robust P valueb |
|---|---|---|---|---|
| Gt | − 2.194 | − 0.015 | 0.506 | 0.193 |
| Ga | − 1.718 | 4.698 | 1.000 | 0.482 |
| Pt | − 10.256 | − 2.841 | 0.002 | 0.014 |
| Pa | − 2.405 | 2.551 | 0.995 | 0.018 |
aGt and Ga represent group mean statistics as Pt and Pa denote panel statistics in Westerlund (2007)
bRobust P value through bootstrap with 1000 replications
