Null Hypothesis: Unit root (individual unit root process)
Series: X, Y
Date: 06/01/15 Time: 13:13
Sample: 2005Q1 2013Q4
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on Asymptotic t-statistic (p=0.1): 0 to
6
Total number of observations: 64
Cross-sections included: 2
Method Statistic Prob.**
ADF - Fisher Chi-square 19.1056 0.0007
ADF - Choi Z-stat -3.18461 0.0007
** Probabilities for Fisher tests are computed using an asymptotic Chi
-square distribution. All other tests assume asymptotic normality.
Intermediate ADF test results GROUP01
Series Prob. Lag Max Lag Obs
X 0.0890 0 8 35
Y 0.0008 6 8 29