Result | 1st difference | Level | Variables | ||||
---|---|---|---|---|---|---|---|
Coefficient | Critical values at 5% | Prob | Coefficient | Critical values at 5% | Prob | ||
ADF Test | |||||||
I (0) | – | – | – | −6.48 | −2.85 | 0.0000 | TEP |
I (0) | – | – | – | −4.96 | − 2.89 | 0.0001 | GDPH |
I (0) | – | – | – | − 4.46 | −2.89 | 0.0005 | INFD |
I (1) | −11.54 | −2.89 | 0.0001 | −0.24 | −2.89 | 0.9277 | HE |
I (0) | −3.49 | −2.89 | 0.01 | M1 | |||
I (1) | −7.10 | −2.89 | 0.0000 | −2.51 | − 2.89 | 0.1157 | r |
I (0) | −6.11 | −2.89 | 0.0000 | EX | |||
I (1) | −3.79 | −2.90 | 0.0045 | −1.48 | −2.89 | 0.5388 | vosol |
Philips-Perron | |||||||
I (0) | – | – | – | 6.4841- | 2.8951- | 0.0000 | TEP |
I (0) | – | – | – | 5.0343 | 2.8972- | 0.0001 | GDPH |
I (0) | – | – | – | 2.7177- | 2.5853- | 0.0753 | INFD |
I (0) | – | – | – | 6.7554- | 2.8959- | 0.0000 | HE |
I (0) | – | – | – | 17.49- | 2.8951- | 0.0001 | M1 |
I (1) | 2.6446- | 2.5826- | 0.0883 | 1.5071- | 2.8963- | 0.5253 | r |
I (0) | 6.1142- | 2.8967- | 0.0000 | EX | |||
I (1) | 4.6572–0 | 2.8967- | 0.0002 | 1.4804- | 2.8959- | −0.5388 | vosol |