Contents of output
[ 1,] "====================================================="
[ 2,] "FM-OLS for heterogenous panels (Kao and Chiang 1997) "
[ 3,] "====================================================="
[ 4,] "beta[ 1 ]= 2.2992 0.05347 43.001"
[ 5,] "beta[ 2 ]= -0.69468 0.07862 -8.836"
[ 6,] "====================================================="
[ 7,] "Number of groups (N): 25 "
[ 8,] "Total number of obs. (NT): 375 "
[ 9,] "Truncation lag: 6 "
[10,] "====================================================="
[11,] " "
[12,] " Unit-Root tests applied to the OLS-residuals "
[13,] "====================================================="
[14,] "Pooled Dickey-Fuller Regression: 1'th variable "
[15,] "====================================================="
[16,] "PARAMETERS Estimate robust SE t-value"
[17,] "====================================================="
[18,] "Lag[1]= -0.0526 0.0390 -1.348"
[19,] "Delta[ 1]= -0.0073 0.0605 -0.121"
[20,] "const= 0.1763 0.1556 1.133"
[21,] "====================================================="
[22,] "N*T= 375 N= 25 With constant "
[23,] "Unit root statistics: "
[24,] "STATISTIC Value crit. Value (5%) mean variance"
[25,] "====================================================="
[26,] "B/M (1994) -1.972 -1.65 0.000 1.000"
[27,] "L/L (1993) -0.019 -1.65 -0.601 0.878"
[28,] "mod. L/L -2.219 -1.65 0.000 1.000"
[29,] "I/P/S (1997) -1.039 -1.65 -1.472 0.954"
[30,] "====================================================="