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GDP
1. LLC Test
a. Level
Null Hypothesis: Unit root (common unit root process)
Series: PDRB
Date: 01/15/20 Time: 12:24
Sample: 2010Q1 2019Q3
Exogenous variables: Individual effects
User-specified lags: 1
Newey-West automatic bandwidth selection and Bartlett kernel
Total (balanced) observations: 1258
Cross-sections included: 34
b. Difference
Null Hypothesis: Unit root (common unit root process)
Series: D(PDRB)
Date: 01/15/20 Time: 12:33
Sample: 2010Q1 2019Q3
Exogenous variables: Individual effects, individual linear trends
User-specified lags: 1
Newey-West automatic bandwidth selection and Bartlett kernel
Total (balanced) observations: 1224
Cross-sections included: 34
Cross Max
section t-Stat Prob. E(t) E(Var) Lag Lag Obs
1 -2.0649 0.5476 -2.176 0.701 1 1 37
2 -3.9467 0.0197 -2.176 0.701 1 1 37
3 -4.9370 0.0016 -2.176 0.701 1 1 37
4 -8.3470 0.0000 -2.176 0.701 1 1 37
5 -4.2773 0.0088 -2.176 0.701 1 1 37
6 -5.2562 0.0007 -2.176 0.701 1 1 37
7 -4.2206 0.0102 -2.176 0.701 1 1 37
8 -7.3391 0.0000 -2.176 0.701 1 1 37
9 -5.3331 0.0005 -2.176 0.701 1 1 37
10 -2.8656 0.1847 -2.176 0.701 1 1 37
11 -2.4281 0.3600 -2.176 0.701 1 1 37
12 -3.9135 0.0214 -2.176 0.701 1 1 37
13 -4.3831 0.0068 -2.176 0.701 1 1 37
14 -2.9910 0.1482 -2.176 0.701 1 1 37
15 -5.6868 0.0002 -2.176 0.701 1 1 37
16 -3.6135 0.0423 -2.176 0.701 1 1 37
17 -4.7799 0.0024 -2.176 0.701 1 1 37
18 -2.4876 0.3320 -2.176 0.701 1 1 37
19 -8.1895 0.0000 -2.176 0.701 1 1 37
20 -9.0707 0.0000 -2.176 0.701 1 1 37
21 -3.0909 0.1233 -2.176 0.701 1 1 37
22 -14.751 0.0000 -2.176 0.701 1 1 37
23 -2.1143 0.5212 -2.176 0.701 1 1 37
24 -3.9604 0.0191 -2.176 0.701 1 1 37
25 -6.7335 0.0000 -2.176 0.701 1 1 37
26 -2.5757 0.2928 -2.176 0.701 1 1 37
27 -4.7465 0.0026 -2.176 0.701 1 1 37
28 -4.2243 0.0101 -2.176 0.701 1 1 37
29 -4.4265 0.0060 -2.176 0.701 1 1 37
30 -7.2365 0.0000 -2.176 0.701 1 1 37
31 -3.9437 0.0199 -2.176 0.701 1 1 37
32 -2.8473 0.1906 -2.176 0.701 1 1 37
33 -4.4638 0.0055 -2.176 0.701 1 1 37
34 -3.7412 0.0318 -2.176 0.701 1 1 37
b. Difference
Cross Max
section t-Stat Prob. E(t) E(Var) Lag Lag Obs
1 -7.4481 0.0000 -2.175 0.706 1 1 36
2 -6.7645 0.0000 -2.175 0.706 1 1 36
3 -7.8354 0.0000 -2.175 0.706 1 1 36
4 -11.456 0.0000 -2.175 0.706 1 1 36
5 -6.5128 0.0000 -2.175 0.706 1 1 36
6 -8.8299 0.0000 -2.175 0.706 1 1 36
7 -6.7572 0.0000 -2.175 0.706 1 1 36
8 -7.6402 0.0000 -2.175 0.706 1 1 36
9 -6.6383 0.0000 -2.175 0.706 1 1 36
10 -6.4503 0.0000 -2.175 0.706 1 1 36
11 -6.5844 0.0000 -2.175 0.706 1 1 36
12 -7.2938 0.0000 -2.175 0.706 1 1 36
13 -8.1473 0.0000 -2.175 0.706 1 1 36
14 -7.2975 0.0000 -2.175 0.706 1 1 36
15 -8.4280 0.0000 -2.175 0.706 1 1 36
16 -7.0824 0.0000 -2.175 0.706 1 1 36
17 -8.5925 0.0000 -2.175 0.706 1 1 36
18 -6.7592 0.0000 -2.175 0.706 1 1 36
19 -9.9219 0.0000 -2.175 0.706 1 1 36
20 -9.7058 0.0000 -2.175 0.706 1 1 36
21 -6.5281 0.0000 -2.175 0.706 1 1 36
22 -16.148 0.0000 -2.175 0.706 1 1 36
23 -4.6395 0.0036 -2.175 0.706 1 1 36
24 -5.2181 0.0008 -2.175 0.706 1 1 36
25 -6.9541 0.0000 -2.175 0.706 1 1 36
26 -6.0142 0.0001 -2.175 0.706 1 1 36
27 -7.3991 0.0000 -2.175 0.706 1 1 36
28 -6.6908 0.0000 -2.175 0.706 1 1 36
29 -6.9227 0.0000 -2.175 0.706 1 1 36
30 -7.7917 0.0000 -2.175 0.706 1 1 36
31 -7.2846 0.0000 -2.175 0.706 1 1 36
32 -6.2924 0.0000 -2.175 0.706 1 1 36
33 -6.9007 0.0000 -2.175 0.706 1 1 36
34 -6.3594 0.0000 -2.175 0.706 1 1 36