Table 5 Panel cointegration test.
From: Debt sustainability and the fiscal reaction function: evidence from MIST countries
Pedroni test | Westerlund test | |
|---|---|---|
Modified PP statistic | 1.7236** (0.0424) | |
PP statistic | 1.8787 (0.4475) | |
ADF statistic | 0.9548 (0.1698) | |
Variance ratio | 2.1416** (0.0161) |