Table 4. Results of CD and CIPS unit...

Table 4.

Results of CD and CIPS unit root test

CD test	LNWR	LNFA	LNAE	LNREC	LNFP
Stat.	9.762	10.879	14.343	12.890	9.948
Prob.	0.000	0.000	0.000	0.000	0.000
Sig.	***	***	***	***	***

Note:

*** Represents the significane level at 1%

Source: Authors’ own estimation

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