Table 4 Conventional unit root Test... | Emerald Publishing

Table 4

Conventional unit root

Test		Dickey-Fuller		Phillips-Perron
Variables		Test stat	5% critical value	Test stat	5% critical value
${d . c r b}_{t}$	Z(t)	−6.484	−2.920	−6.408	−2.920
${d . i n t r}_{t}$	Z(t)	−6.266	−2.920	−6.091	−2.920
${m 3}_{t}$	Z(t)	9.425	−2.920	7.629	−2.920
${d . i n f l}_{t}$	Z(t)	−7.063	−2.920	−7.051	−2.920
${d . m_p}_{t}$	Z(t)	−10.744	−2.921	−11.387	−2.921
${g d c y}_{t}$	Z(t)	−3.605	−2.874	−3.542	−2.874
${d . g d}_{t}$	Z(t)	−5.328	−2.920	−5.448	−2.920

Test		Dickey-Fuller		Phillips-Perron
Variables		Test stat	5% critical value	Test stat	5% critical value
${d . c r b}_{t}$	Z(t)	−6.484	−2.920	−6.408	−2.920
${d . i n t r}_{t}$	Z(t)	−6.266	−2.920	−6.091	−2.920
${m 3}_{t}$	Z(t)	9.425	−2.920	7.629	−2.920
${d . i n f l}_{t}$	Z(t)	−7.063	−2.920	−7.051	−2.920
${d . m_p}_{t}$	Z(t)	−10.744	−2.921	−11.387	−2.921
${g d c y}_{t}$	Z(t)	−3.605	−2.874	−3.542	−2.874
${d . g d}_{t}$	Z(t)	−5.328	−2.920	−5.448	−2.920

Source(s): Table computed by the author