Table 5

SURADF Unit Root Test Results (Constant and Trend Model)

CountryTest StatisticsCritical Value
%1%5%10
Argentina-4.5178-10.0795-7.8402-7.0767
Brasilia-5.4195-10.5175-8.0437-7.1596
China-5.4552-9.0178-7.0350-6.4146
India-6.0618-10.5684-8.0249-7.1742
Indonesia-6.7118***-9.2135-7.5396-6.5273
United Mexican States (Mexico)-7.1822***-10.0770-7.6620-6.9520
Poland-7.6305***-9.9862-7.6357-6.7684
South Africa-7.6532**-9.9340-7.4326-6.5401
South Korea-8.0184**-9.7558-7.5431-6.4427
Türkiye-8.8811**-9.7366-7.2150-6.3398

Note: (*), (**) and (***) denote stationarity at 1%, 5% and 10% significance levels, respectively.

Sources: By authors

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