Unit root test
| Variable/specification | Levels | 1st difference | |||
|---|---|---|---|---|---|
| Including | ADF | PP | ADF | PP | |
| Log marine trade balance | C | −0.7718 | −0.3314 | −5.0824*** | −17.972*** |
| Log fish production | T&C | −2.5232 | −2.6054 | −6.2456*** | −6.5689*** |
| Financial development index | T&C | −2.1539 | −2.2423 | −5.5356*** | −5.5765*** |
| Trade openness | C | −1.1033 | −1.1033 | −6.0159*** | −6.4188*** |
| Gross fixed capital formation | T&C | −2.1743 | −1.9249 | −3.9456** | −5.3157*** |
| Log FDI | T&C | −2.6497 | −1.9627 | −3.6908** | −3.7191** |
| Variable/specification | Levels | 1st difference | |||
|---|---|---|---|---|---|
| Including | ADF | PP | ADF | PP | |
| Log marine trade balance | C | −0.7718 | −0.3314 | −5.0824*** | −17.972*** |
| Log fish production | T&C | −2.5232 | −2.6054 | −6.2456*** | −6.5689*** |
| Financial development index | T&C | −2.1539 | −2.2423 | −5.5356*** | −5.5765*** |
| Trade openness | C | −1.1033 | −1.1033 | −6.0159*** | −6.4188*** |
| Gross fixed capital formation | T&C | −2.1743 | −1.9249 | −3.9456** | −5.3157*** |
| Log FDI | T&C | −2.6497 | −1.9627 | −3.6908** | −3.7191** |
Notes:
* at p < 0.10; **at p < 0.05; *** at p < 0.01
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