Table II. ADF test of economic and... | Emerald Publishing

Table II.

ADF test of economic and climate variables

				Interpolated Dickey–Fuller
Variable	Obs	Integration of order	Test statistic Z(t)	Critical value (1%)	Critical value (5%)	Critical value (10%)	MacKinnon approximate p-value for Z(t)
Y	42	I (0)	−4.62	−3.63	−2.95	−2.61	0.00
AG	42	I (0)	−6.58	−3.63	−2.95	−2.61	0.00
IND	42	I (0)	−7.80	−3.63	−2.95	−2.61	0.00
SERV	42	I (0)	−4.57	−3.63	−2.95	−2.61	0.00
SAV	35	I (0)	−7.38	−3.63	−2.95	−2.61	0.00
UR	42	I (0)	−6.48	−3.63	−2.95	−2.61	0.00
IA	34	I (0)	−4.50	−3.63	−2.95	−2.61	0.00
EXP	42	I (0)	−10.01	−3.63	−2.95	−2.61	0.00
MaxT	42	I (0)	−3.89	−3.63	−2.95	−2.61	0.00
MinT	42	I (0)	−4.98	−3.63	−2.95	−2.61	0.00
Rain	42	I (0)	−6.79	−3.63	−2.95	−2.61	0.00

				Interpolated Dickey–Fuller
Variable	Obs	Integration of order	Test statistic Z(t)	Critical value (1%)	Critical value (5%)	Critical value (10%)	MacKinnon approximate p-value for Z(t)
Y	42	I (0)	−4.62	−3.63	−2.95	−2.61	0.00
AG	42	I (0)	−6.58	−3.63	−2.95	−2.61	0.00
IND	42	I (0)	−7.80	−3.63	−2.95	−2.61	0.00
SERV	42	I (0)	−4.57	−3.63	−2.95	−2.61	0.00
SAV	35	I (0)	−7.38	−3.63	−2.95	−2.61	0.00
UR	42	I (0)	−6.48	−3.63	−2.95	−2.61	0.00
IA	34	I (0)	−4.50	−3.63	−2.95	−2.61	0.00
EXP	42	I (0)	−10.01	−3.63	−2.95	−2.61	0.00
MaxT	42	I (0)	−3.89	−3.63	−2.95	−2.61	0.00
MinT	42	I (0)	−4.98	−3.63	−2.95	−2.61	0.00
Rain	42	I (0)	−6.79	−3.63	−2.95	−2.61	0.00

Source: Author’s compilation based on data collected from WB (2014) and BARC (2015)