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An Econometric Analysis of Panel Data for Educational Attainment and Employment in Tertiary Education

Table 5: Results of panel cointegration tests

Pedroni Individual Intercept Weighted
t p t P
Panel v-Statistic 3.635687 0.0001* 3.939949 0.0000*
Panel rho-Statistic -1.215602 0.1121 -1.633457 0.0512
Panel PP-Statistic -1.293528 0.0979 -2.028890 0.0212*
Panel ADF-Statistic -4.268606 0.0000* -4.333917 0.0000*
Group rho-Statistic -0.109312 0.4565 Kao (ADF)
Group PP-Statistic -1.697076 0.0448* t p
Group ADF-Statistic -5.702695 0.0000* -2.881257 0.0020*
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