ADF and PP unit root tests
| Variable | ADF critical value | T-statistics (5% significance level) | Order of integration | PP critical value | T-statistics (5% significance level) | Order of integration |
|---|---|---|---|---|---|---|
| NMR | –5.3055 | –2.9712 | I(1) | –5.3334 | –2.9719 | I(1) |
| PGR | –3.651 | –2.9763 | I(0) | –3.1313 | –2.9678 | I(0) |
| logIM | –4.0397 | –2.9719 | I(1) | –8.5293 | –2.9719 | I(1) |
| logLE | –7.25 | –2.9719 | I(1) | –11.7829 | –2.9719 | I(1) |
| UNEMPR | –2.8614 | –1.9534 | I(1) | –2.9506 | –2.9719 | I(1) |
| Variable | ADF critical value | Order of integration | PP critical value | T-statistics (5% significance level) | Order of integration | |
|---|---|---|---|---|---|---|
| NMR | –5.3055 | –2.9712 | I(1) | –5.3334 | –2.9719 | I(1) |
| PGR | –3.651 | –2.9763 | I(0) | –3.1313 | –2.9678 | I(0) |
| logIM | –4.0397 | –2.9719 | I(1) | –8.5293 | –2.9719 | I(1) |
| logLE | –7.25 | –2.9719 | I(1) | –11.7829 | –2.9719 | I(1) |
| UNEMPR | –2.8614 | –1.9534 | I(1) | –2.9506 | –2.9719 | I(1) |
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