Unit root tests
| Intercept | None | |||||||
|---|---|---|---|---|---|---|---|---|
| Level | First difference | Level | First difference | |||||
| LLC | PP | LLC | PP | LLC | PP | LLC | PP | |
| HHD | 0.000 | 0.023 | 0.000 | 0.000 | 0.983 | 0.932 | 0.000 | 0.000 |
| H | 0.000 | 0.003 | 0.027 | 0.000 | 0.000 | 0.064 | 0.000 | 0.000 |
| DCB | 0.000 | 0.000 | 0.000 | 0.000 | 0.902 | 0.263 | 0.000 | 0.000 |
| HI Sq | 0.602 | 0.000 | 0.000 | 0.000 | 1.000 | 0.000 | 0.000 | 0.000 |
| UN | 0.000 | 0.004 | 0.000 | 0.000 | 0.999 | 0.413 | 0.000 | 0.000 |
| GDP | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| DCB Sq | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.069 | 0.000 | 0.000 |
| INF | 0.000 | 0.000 | 0.000 | 0.000 | 0.038 | 0.239 | 0.000 | 0.000 |
| HDCB | 0.794 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Intercept | None | |||||||
|---|---|---|---|---|---|---|---|---|
| Level | First difference | Level | First difference | |||||
| 0.000 | 0.023 | 0.000 | 0.000 | 0.983 | 0.932 | 0.000 | 0.000 | |
| H | 0.000 | 0.003 | 0.027 | 0.000 | 0.000 | 0.064 | 0.000 | 0.000 |
| 0.000 | 0.000 | 0.000 | 0.000 | 0.902 | 0.263 | 0.000 | 0.000 | |
| 0.602 | 0.000 | 0.000 | 0.000 | 1.000 | 0.000 | 0.000 | 0.000 | |
| 0.000 | 0.004 | 0.000 | 0.000 | 0.999 | 0.413 | 0.000 | 0.000 | |
| GDP | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.069 | 0.000 | 0.000 | |
| 0.000 | 0.000 | 0.000 | 0.000 | 0.038 | 0.239 | 0.000 | 0.000 | |
| 0.794 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
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