Housing Risk and Its Influence on House Price: An Expected Utility Approach

Table 2

Panel data unit-root/stationary test ( value).

Test	lg	lry	i	tau
Levin–Lin–Chu (LLC) test	<0.001	<0.001	<0.001	<0.001
Im–Pesaran–Shin (IPS) test	1.000	0.415	0.034	<0.001
ADF-Fisher unit-root test (lag = 2)	0.985	0.179	1.000	0.008
Hadri LM stationary test	<0.001	<0.001	<0.001	0.898