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Table 2 Pesaran’s panel unit root CIPS (2007) tests

From: Capital mobility in Latin American and Caribbean countries: new evidence from dynamic common correlated effects panel data modeling

Variable CIPS (No Trend) CIPS (with Trend) Determination
(I/Y)it − 0.761 (0.027) −2.039 (0.021) I (1)
(S/Y)it 1.552 (0.940) 0.590 (0.722) I (1)
∆(I/Y)it −8.199a(0.000) −10.421a(0.000) I (0)
∆(S/Y)it −3.966a(0.000) −6.275a(0.000) I (0)
  1. Null hypothesis is the presence of a unit root. Four lags are included
  2. adenotes statistical significance at the 1% level