Table 7 Pedroni cointegration test results
From: An empirical study on the determinants of health care expenses in emerging economies
Alternative hypothesis: common AR coefs. (within-dimension) | |||||
| Â | Â | Â | Â | Weighted | |
| Â | Â | Statistic | Prob. | Statistic | Prob. |
Panel v-Statistic | 1.562221 | 0.0591* | − 0.83359 | 0.7977 | |
Panel rho-Statistic | 2.756464 | 0.9971 | 1.200641 | 0.8851 | |
Panel PP-Statistic | −0.25363 | 0.3999 | −6.48389 | 0.000*** | |
Panel ADF-Statistic | −3.87437 | 0.0001*** | −4.13868 | 0.000*** | |
Alternative hypothesis: individual AR coefs. (between-dimension) | |||||
| Â | Â | Statistic | Prob. | Â | Â |
Group rho-Statistic | 3.144622 | 0.9992 | Â | Â | |
Group PP-Statistic | −8.34968 | 0.000*** |  |  | |
Group ADF-Statistic | −3.16744 | 0.000*** |  |  | |