Table 8 Pedroni panel co-integration test results (a): For research productivity model, (b): For research productivity model, (c): For research productivity model.
Statistic | p-value | |
|---|---|---|
(a) | ||
Test 1 | 3.8455 | 0.0001* |
Test 2 | −6.4898 | 0.0000* |
Test 3 | −3.2624 | 0.0006* |
(b) | ||
Test 1 | 3.6624 | 0.0001* |
Test 2 | −16.1434 | 0.0000* |
Test 3 | −6.1363 | 0.0000* |
(c) | ||
Test 1 | 4.1540 | 0.0000* |
Test 2 | −3.7093 | 0.0001* |
Test 3 | −4.5609 | 0.0000* |