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Table 6 Panel cointegration test (Pedroni)

From: Financial sector development and Investment in selected countries of the Economic Community of West African States: empirical evidence using heterogeneous panel data method

Statistics Within-Dimension (Panel) Between-Dimension (Group)
  Statistics Weighted Statistics Statistics
V-Statistic −1.9183 −0.9060  
Rho-Statistic 2.1301 0.0997 0.6765
PP-Statistic −5.5956*** − 4.0487*** − 5.3958***
ADF-Statistic − 6.3521*** −1.7493** −1.5060*
  1. Source: Authors’ computation
  2. Note: ***, ** and * represent statistical significance at the 1%, 5% and 10% statistical levels, respectively. Trend assumption: deterministic intercept and trend