Table 3 Unit root tests Variable ADF PP... | Emerald Publishing

Table 3

Unit root tests

Variable	ADF		PP
Variable	t-statistic	p-value	t-statistic	p-value
m0	−8.1972	0.0000	−8.2802	0.0000
m0_pos	−6.5588	0.0000	−6.6102	0.0000
m0_neg	−9.0240	0.0000	−9.0432	0.0000
m2	−10.1562	0.0000	−10.1646	0.0000
m2_pos	−10.1548	0.0000	−10.1784	0.0000
m2_neg	−9.5163	0.0000	−9.6925	0.0000
ltir	−11.0132	0.0000	−10.9295	0.0000
exr	−6.1477	0.0000	−6.1821	0.0000
loan	−7.7424	0.0000	−7.8483	0.0000
cpi	−3.9037	0.0030	−5.1697	0.0000
gdp	−4.5788	0.0003	−2.8789	0.0516
wti	−8.2638	0.0000	−8.2393	0.0000
libor	−6.4628	0.0000	−6.7554	0.0000

Variable	ADF		PP
Variable	t-statistic	p-value	t-statistic	p-value
m0	−8.1972	0.0000	−8.2802	0.0000
m0_pos	−6.5588	0.0000	−6.6102	0.0000
m0_neg	−9.0240	0.0000	−9.0432	0.0000
m2	−10.1562	0.0000	−10.1646	0.0000
m2_pos	−10.1548	0.0000	−10.1784	0.0000
m2_neg	−9.5163	0.0000	−9.6925	0.0000
ltir	−11.0132	0.0000	−10.9295	0.0000
exr	−6.1477	0.0000	−6.1821	0.0000
loan	−7.7424	0.0000	−7.8483	0.0000
cpi	−3.9037	0.0030	−5.1697	0.0000
gdp	−4.5788	0.0003	−2.8789	0.0516
wti	−8.2638	0.0000	−8.2393	0.0000
libor	−6.4628	0.0000	−6.7554	0.0000

Source(s): Authors’ own work