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Table 2 Pedroni residual cointegration test

From: Cashless payment and economic growth

Models Panel v Panel rho Panel PP Panel ADF Group rho Group PP Group ADF
Deterministic intercept −0.6885 0.6995 −4.9928*** −4.2132*** 2.2475 −3.4070*** −1.9160***
No deterministic intercept and trend −1.7442 1.2988 −2.7423*** −2.2420** 1.9034 −7.3923*** −5.8199***
  1. The *, ** and *** denotes rejection of the null hypothesis of no cointegration, at 10, 5 and 1 % level respectively. Maximum lag is automatically selected based on Schwarz information criterion