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1.

Level
Panel unit root test: Summary 
Series: TK
Date: 02/08/21 Time: 11:26
Sample: 2015 2019
Exogenous variables: Individual effects, individual linear trends
Automatic selection of maximum lags
Automatic lag length selection based on AIC: 0
Newey-West automatic bandwidth selection and Parzen kernel
Balanced observations for each test 

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process) 
Levin, Lin & Chu t* -15.1468  0.0000  19  76
Breitung t-stat  3.81950  0.9999  19  57

Null: Unit root (assumes individual unit root process) 


Im, Pesaran and Shin W-stat  -0.24045  0.4050  19  76
ADF - Fisher Chi-square  33.7753  0.6651  19  76
PP - Fisher Chi-square  68.1844  0.0019  19  76

** Probabilities for Fisher tests are computed using an asymptotic Chi


        -square distribution. All other tests assume asymptotic normality.

Panel unit root test: Summary 


Series: ISP
Date: 02/08/21 Time: 11:26
Sample: 2015 2019
Exogenous variables: Individual effects, individual linear trends
Automatic selection of maximum lags
Automatic lag length selection based on AIC: 0
Newey-West automatic bandwidth selection and Parzen kernel
Balanced observations for each test 

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process) 
Levin, Lin & Chu t* -3050.07  0.0000  19  76
Breitung t-stat  4.47892  1.0000  19  57

Null: Unit root (assumes individual unit root process) 


Im, Pesaran and Shin W-stat  -204.963  0.0000  19  76
ADF - Fisher Chi-square  26.6892  0.9156  19  76
PP - Fisher Chi-square  55.5932  0.0325  19  76

** Probabilities for Fisher tests are computed using an asymptotic Chi


        -square distribution. All other tests assume asymptotic normality.

Panel unit root test: Summary 


Series: PE
Date: 02/08/21 Time: 11:26
Sample: 2015 2019
Exogenous variables: Individual effects, individual linear trends
Automatic selection of maximum lags
Automatic lag length selection based on AIC: 0
Newey-West automatic bandwidth selection and Parzen kernel
Balanced observations for each test 

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process) 
Levin, Lin & Chu t* -443.116  0.0000  19  76
Breitung t-stat  0.89002  0.8133  19  57

Null: Unit root (assumes individual unit root process) 


Im, Pesaran and Shin W-stat  -78.4944  0.0000  19  76
ADF - Fisher Chi-square  40.2673  0.3702  19  76
PP - Fisher Chi-square  78.4201  0.0001  19  76

** Probabilities for Fisher tests are computed using an asymptotic Chi


        -square distribution. All other tests assume asymptotic normality.

2. 1st Difirence

Panel unit root test: Summary 


Series: D(TK)
Date: 02/08/21 Time: 11:32
Sample: 2015 2019
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on AIC: 0
Newey-West automatic bandwidth selection and Bartlett kernel
Balanced observations for each test 

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process) 
Levin, Lin & Chu t* -14.4247  0.0000  19  57

Null: Unit root (assumes individual unit root process) 


ADF - Fisher Chi-square  52.0123  0.0645  19  57
PP - Fisher Chi-square  65.2889  0.0038  19  57

** Probabilities for Fisher tests are computed using an asymptotic Chi


        -square distribution. All other tests assume asymptotic normality.

Panel unit root test: Summary 


Series: D(PE)
Date: 02/08/21 Time: 11:32
Sample: 2015 2019
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on AIC: 0
Newey-West automatic bandwidth selection and Bartlett kernel
Balanced observations for each test 

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process) 
Levin, Lin & Chu t* -503.843  0.0000  19  57

Null: Unit root (assumes individual unit root process) 


ADF - Fisher Chi-square  62.8528  0.0068  19  57
PP - Fisher Chi-square  73.6981  0.0005  19  57

** Probabilities for Fisher tests are computed using an asymptotic Chi


        -square distribution. All other tests assume asymptotic normality.

Panel unit root test: Summary 


Series: D(ISP)
Date: 02/08/21 Time: 11:32
Sample: 2015 2019
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on AIC: 0
Newey-West automatic bandwidth selection and Bartlett kernel
Balanced observations for each test 

Cross-
Method Statistic Prob.** sections Obs
Null: Unit root (assumes common unit root process) 
Levin, Lin & Chu t* -2846.86  0.0000  19  57

Null: Unit root (assumes individual unit root process) 


ADF - Fisher Chi-square  38.0024  0.4694  19  57
PP - Fisher Chi-square  47.6185  0.1363  19  57

** Probabilities for Fisher tests are computed using an asymptotic Chi


        -square distribution. All other tests assume asymptotic normality.

3. 2nd Diferrence

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