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Latin American Economic Review

Table 8 Pairwise test of Pesaran (2007a) applied to COICOP groups. 1994.1–2015.11

From: The economic integration of Spain: a change in the inflation pattern

 

No trend specification

Trend specification

Lag order chosen with AIC

Lag order chosen with SBC

Lag order chosen with AIC

Lag order chosen with SBC

G1. Food and non-alcoholic beverages

 Average lag-order

5.882

1.818

6.064

1.884

 ADF test

0.980

0.968

0.912

0.843

 WS test

0.990

0.996

0.951

0.921

G2. Alcoholic beverages and tobacco

 Average lag-order

6.277

2.228

6.395

2.305

 ADF test

0.992

0.976

0.961

0.897

 WS test

0.987

0.989

0.966

0.934

G3. Clothing and footwear

 Average lag-order

6.856

3.320

6.979

3.251

 ADF test

0.873

0.923

0.845

0.885

 WS test

0.878

0.918

0.838

0.889

G4. Housing

 Average lag-order

4.929

1.608

5.219

1.624

 ADF test

0.990

0.970

0.941

0.792

 WS test

0.996

0.992

0.981

0.934

G5. Furnishings, household equipment and routine housing maintenance

 Average lag-order

3.760

1.080

3.986

1.090

 ADF test

0.994

0.999

0.967

0.985

 WS test

0.999

1.000

0.989

0.998

G6. Health

 Average lag-order

5.050

1.456

5.526

1.487

 ADF test

0.996

0.983

0.968

0.889

 WS test

0.998

0.996

0.993

0.948

G7. Transport

 Average lag-order

3.958

1.464

4.104

1.489

 ADF test

0.953

0.931

0.860

0.739

 WS test

0.961

0.957

0.942

0.865

G8. Communications

 Average lag-order

1.987

1.258

2.037

1.259

 ADF test

0.584

0.603

0.451

0.476

 WS test

0.745

0.770

0.500

0.537

G9. Recreation and culture

 Average lag-order

3.679

1.331

3.773

1.314

 ADF test

0.992

0.998

0.954

0.978

 WS test

0.977

0.981

0.954

0.971

G10. Education

 Average lag-order

3.009

1.308

3.198

1.300

 ADF test

0.976

0.980

0.935

0.936

 WS test

0.995

0.994

0.940

0.949

G11. Restaurants, cafés and hotels

 Average lag-order

4.151

1.273

4.345

1.277

 ADF test

0.987

0.999

0.947

0.962

 WS test

0.984

0.993

0.938

0.948

G12. Miscellaneous goods and services

 Average lag-order

4.230

1.376

4.461

1.408

 ADF test

0.975

0.985

0.894

0.895

 WS test

0.988

0.991

0.927

0.940

  1. WS denotes the weighted-symmetric statistic of Park and Fuller (1995). AIC and SBC denote Akaike information criterion and Schwarz Bayesian criterion, respectively. A maximum lag order of 8 is allowed in the computation of the ADF and WS statistics. The fraction of rejections is based on 5 % nominal level tests
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