Table 5. Panel data cointegration test.
| Variable | Heterogeneous PP | Heterogeneous ADF | Homogeneous PP | Homogeneous ADF |
|---|---|---|---|---|
| Statistical Quantities | -58.0525 | -29.4736 | 107.5051 | 76.9518 |
| P values | 0.000 | 0.000 | 0.000 | 0.000 |
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