Group unit root test: Summary

Series: CONSTANTES, CORRIENTES

Date: 10/03/17 Time: 12:39
Sample: 2006M01 2017M07
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 1
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -3.69616 0.0001 2 274

Null: Unit root (assumes individual unit root process)

Im, Pesaran and Shin W-stat -2.85653 0.0021 2 274
ADF - Fisher Chi-square 16.2092 0.0028 2 274
PP - Fisher Chi-square 26.1996 0.0000 2 276

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.

Group unit root test: Summary

Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:49
Sample: 2006M01 2017M07
Exogenous variables: Individual effects, individual linear trends
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 0
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -8.97820 0.0000 2 276
Breitung t-stat -4.14213 0.0000 2 274

Null: Unit root (assumes individual unit root process)

Im, Pesaran and Shin W-stat -5.48338 0.0000 2 276
ADF - Fisher Chi-square 34.4096 0.0000 2 276
PP - Fisher Chi-square 31.4013 0.0000 2 276

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.
Group unit root test: Summary
Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:49
Sample: 2006M01 2017M07
Exogenous variables: None
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 1
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -0.37010 0.3557 2 274

Null: Unit root (assumes individual unit root process)

ADF - Fisher Chi-square 2.20383 0.6983 2 274
PP - Fisher Chi-square 2.11921 0.7138 2 276

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.

Group unit root test: Summary

Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:50
Sample: 2006M01 2017M07
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 0
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -28.3500 0.0000 2 274

Null: Unit root (assumes individual unit root process)

Im, Pesaran and Shin W-stat -24.6660 0.0000 2 274
ADF - Fisher Chi-square 188.850 0.0000 2 274
PP - Fisher Chi-square 39.5931 0.0000 2 274

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.
Group unit root test: Summary
Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:50
Sample: 2006M01 2017M07
Exogenous variables: Individual effects, individual linear trends
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 0 to 10
Newey-West bandwidth selection using Bartlett kernel

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -20.2240 0.0000 2 264
Breitung t-stat -10.8547 0.0000 2 262

Null: Unit root (assumes individual unit root process)

Im, Pesaran and Shin W-stat -19.0175 0.0000 2 264
ADF - Fisher Chi-square 141.269 0.0000 2 264
PP - Fisher Chi-square 36.8414 0.0000 2 274

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.

Group unit root test: Summary

Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:51
Sample: 2006M01 2017M07
Exogenous variables: None
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 0
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -23.3728 0.0000 2 274

Null: Unit root (assumes individual unit root process)

ADF - Fisher Chi-square 526.782 0.0000 2 274
PP - Fisher Chi-square 526.782 0.0000 2 274

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.
Group unit root test: Summary
Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:51
Sample: 2006M01 2017M07
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 11
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* 31.2232 1.0000 2 250

Null: Unit root (assumes individual unit root process)

Im, Pesaran and Shin W-stat -11.5581 0.0000 2 250
ADF - Fisher Chi-square 108.470 0.0000 2 250
PP - Fisher Chi-square 36.8414 0.0000 2 272

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.

Group unit root test: Summary

Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:52
Sample: 2006M01 2017M07
Exogenous variables: Individual effects, individual linear trends
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 11
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* 40.0219 1.0000 2 250
Breitung t-stat 1.40534 0.9200 2 248

Null: Unit root (assumes individual unit root process)

Im, Pesaran and Shin W-stat -11.5936 0.0000 2 250
ADF - Fisher Chi-square 97.6168 0.0000 2 250
PP - Fisher Chi-square 36.8414 0.0000 2 272

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.
Group unit root test: Summary
Series: CONSTANTES, CORRIENTES
Date: 10/03/17 Time: 12:52
Sample: 2006M01 2017M07
Exogenous variables: None
Automatic selection of maximum lags
Automatic selection of lags based on SIC: 11
Newey-West bandwidth selection using Bartlett kernel
Balanced observations for each test

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process)
Levin, Lin & Chu t* -13.1616 0.0000 2 250

Null: Unit root (assumes individual unit root process)

ADF - Fisher Chi-square 264.717 0.0000 2 250
PP - Fisher Chi-square 526.782 0.0000 2 272

** Probabilities for Fisher tests are computed using an asymptotic Chi

-square distribution. All other tests assume asymptotic normality.