Table 2: Panel Unit Root Tests of TFP - ln(yit)
All Regions (N=19)
Test Statistic P-value Conclusion
|
LLC |
-5.69 |
0.0804 |
No Convergence |
|
IPS |
-1.62 |
0.3140 |
No Convergence |
|
MADF |
258.98 |
26.38 |
Convergence |
South (N=7)
Basilicata, Calabria, Campania, Molise, Puglia, Sardegna, Sicilia
Test Statistic P-value Conclusion
|
LLC |
-4.56 |
0.0888 |
No Convergence |
|
IPS |
-1.88 |
0.1430 |
No Convergence |
|
MADF |
29.26 |
26.38 |
Convergence |
Centre-North (N=12)
Emilia Romagna, Friuli V.G., Liguria, Lombardia, Piemonte
Trentino A.A., Veneto, Lazio, Marche, Toscana, Umbria, Abruzzo
Test Statistic P-value Conclusion
|
LLC |
-4.38 |
0.0264 |
Convergence |
|
IPS |
-1.56 |
0.4430 |
No Convergence |
|
MADF |
89.36 |
26.38 |
Convergence |
Centre (N=5)
|
Lazio, Marche, Umbria, Toscana, Abruzzo | |||
|
Test |
Statistic |
P-value____ |
Conclusion |
|
LLC |
-2.78 |
0.0627 |
No Convergence |
|
IPS |
-1.63 |
0.3940 |
No Convergence |
|
MADF |
28.63 |
26.38 |
Convergence |
North (N=7)
Friuli V.G., Liguria, Lombardia, Piemonte, Trentino A.A.
Veneto, Emilia Romagna
|
Test |
Statistic P-value Conclusion |
|
LLC |
-3.88 0.0204 Convergence -1.69 0.3130 No Convergence 24.79_____26.38____________No Convergence_________ |
For MADF, the critical value is reported instead of the p-value
22
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