Table 3: Panel Unit Root Tests of TFP - ln(yit)
All Regions (N=19)
Test Statistic P-value Conclusion
|
LLC |
-4.63 |
0.5183 |
No Convergence |
|
IPS |
-1.50 |
0.5330 |
No Convergence |
|
MADF |
139.53 |
26.38 |
Convergence |
South (N=7)
Basilicata, Calabria, Campania, Molise, Puglia, Sardegna, Sicilia
|
Test |
Statistic |
P-value_____ |
Conclusion |
|
LLC |
-5.47 |
0.0214 |
Convergence |
|
IPS |
-2.17 |
0.0270 |
Convergence |
|
MADF |
69.84 |
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 |
-2.62 |
0.6624 |
No Convergence |
|
IPS |
-1.29 |
0.8190 |
No Convergence |
|
MADF |
71.32 |
26.38 |
Convergence |
Centre (N=5)
|
Lazio, Marche, Umbria, Toscana, Abruzzo | |||
|
Test |
Statistic |
P-value____ |
Conclusion |
|
LLC |
-1.77 |
0.4974 |
No Convergence |
|
IPS |
-0.94 |
0.9260 |
No Convergence |
|
MADF |
9.84 |
26.38 |
No Convergence |
North (N=7)
Friuli V.G., Liguria, Lombardia, Piemonte, Trentino A.A.
Veneto, Emilia Romagna
|
Test |
Statistic P-value Conclusion |
|
LLC |
-3.28 0.2584 No Convergence -1.34 0.7000 No Convergence 20.09_____26.38____________No Convergence_________ |
For MADF, the critical value is reported instead of the p-value
23
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