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Unit root testing - LLC test vs. IPS test

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Dear all,

I am using Stata 14.1 to analyze balanced panel dataset of 11 countries over period 2002-2014 (143 observations). As a first step, I want to check for stationarity of the series, in this example stationarity of social protection expenditures-to-GDP ratio. However, problem is that LLC and IPS tests give different results, but in the way that more restrictive LLC indicates stationarity, while IPS non-stationarity.

Code:
 xtunitroot llc ln_socpexp, trend demean
p-value = 0,000
Code:
 xtunitroot llc ln_socpexp, trend demean lags(1)
p-value = 0,000

Code:
 xtunitroot ips ln_socpexp, trend demean
p-value = 0,34
Code:
 xtunitroot ips ln_socpexp, trend demean lags(1)
p-value = 0,69

How should I interpret those results?

Thanks in advance

Mateo

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