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Future Business Journal

Table 6 Panel unit root test.

From: The impact of macroeconomic and institutional environment on NPL of developing and developed countries

Sample

Variable

Levin Lin Chu

IMPS

Statistic (Adjusted t*)

W-t-bar

Developing countries (Pooled)

NPL

−12.37*

−1.59*

PCREDIT

−15.72*

−2.99*

GDP

−1.933*

−1.00*

UMIC

NPL

1.323*

−1.34*

PCREDIT

−12.31*

−3.78*

GDP

−1.238*

−1.78*

LMIC

NPL

−11.37*

−7.8*

PCREDIT

1.767*

4.78*

GDP

−1.393*

−2.36*

LIC

NPL

2.356*

2.67*

PCREDIT

−11.17*

−4.78*

GDP

3.783*

1.26*

HIC

NPL

3.56*

9.77*

PCREDIT

−12.10*

−3.45*

GDP

4.783*

2.24*

  1. *indicate value at 5% significance level
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