Unit root tests with structural breaks
| Level | First difference | |
|---|---|---|
| EGX30 | −21.26294*** | −39.17890*** |
| BTCR | −24.57456*** | −41.04809*** |
| BNBR | −26.28273*** | −41.68131*** |
| ETHR | −26.81840*** | −41.62681*** |
| NEOR | −27.36723*** | −41.44876*** |
| INTR | −3.562709 | −22.27012*** |
| USD | −26.63425*** | −26.63425*** |
| Level | First difference | |
|---|---|---|
| −21.26294*** | −39.17890*** | |
| −24.57456*** | −41.04809*** | |
| −26.28273*** | −41.68131*** | |
| −26.81840*** | −41.62681*** | |
| −27.36723*** | −41.44876*** | |
| −3.562709 | −22.27012*** | |
| USD | −26.63425*** | −26.63425*** |
Note(s): *** indicate the rejection of the null hypothesis at the 1% significance level. The trend specification included an intercept and a trend, with the break anticipated to occur in both the intercept and the trend. The number of lags is determined by the Schwarz information criteria, with a maximum lag of 18. Breakpoint selection was determined based on the Dickey-Fuller minimum t-test. The critical values for the test at the 1%, 5%, and 10% significance levels are −4.949133, −4.443649, and −4.193627, respectively