Table 1 Descriptive statistics and... | Emerald Publishing

Table 1

Descriptive statistics and unit-root checks

Variable	N	Mean	SD	Min	Max	ADF level p	PP level p	KPSS stat	ADF diff. p	Inference
LnGOP	120	3.879	0.320	3.481	4.520	0.349	0.226	0.401	0.000	I(1)
INF	120	0.241	0.416	−1.540	1.520	0.000	0.000	0.034	0.000	I(0)
INT	120	0.218	0.416	−1.145	1.915	0.000	0.000	0.027	0.000	I(0)
lnEXR	120	3.373	0.419	1.607	4.661	0.000	0.000	0.036	0.000	I(0)
GDP	120	6.274	2.052	−1.500	15.840	0.019	0.048	0.093	0.000	I(0)
lnWGP	120	0.630	0.239	0.245	1.195	0.193	0.115	0.143	0.000	I(1)

Variable	N	Mean	SD	Min	Max	ADF level p	PP level p	KPSS stat	ADF diff. p	Inference
LnGOP	120	3.879	0.320	3.481	4.520	0.349	0.226	0.401	0.000	I(1)
INF	120	0.241	0.416	−1.540	1.520	0.000	0.000	0.034	0.000	I(0)
INT	120	0.218	0.416	−1.145	1.915	0.000	0.000	0.027	0.000	I(0)
lnEXR	120	3.373	0.419	1.607	4.661	0.000	0.000	0.036	0.000	I(0)
GDP	120	6.274	2.052	−1.500	15.840	0.019	0.048	0.093	0.000	I(0)
lnWGP	120	0.630	0.239	0.245	1.195	0.193	0.115	0.143	0.000	I(1)

Note(s): ADF and PP tests use trend at levels and no trend for first differences. KPSS reports the lag-4 statistic; none of the variables are I(2)