Table 3 Unit root test results of price...

Table 3

Unit root test results of price series in I (0) form

Countries	ADF test statistics	Test critical values			Probability
Countries	ADF test statistics	1%	5%	10%	Probability
Australia	0.398	−2.567	−1.941	−1.616	0.798
Austria	−0.066	−2.567	−1.941	−1.616	0.661
Belgium	−0.060	−2.567	−1.941	−1.616	0.663
Brazil	0.862	−2.567	−1.941	−1.616	0.896
Canada	0.127	−2.567	−1.941	−1.616	0.722
China	0.612	−2.567	−1.941	−1.616	0.849
France	0.124	−2.567	−1.941	−1.616	0.722
Germany	0.482	−2.567	−1.941	−1.616	0.819
Netherlands	0.761	−2.567	−1.941	−1.616	0.878
Italy	0.350	−2.567	−1.941	−1.616	0.786
İreland	0.422	−2.567	−1.941	−1.616	0.804
Japan	1.050	−2.567	−1.941	−1.616	0.924
Malaysia	−0.109	−2.567	−1.941	−1.616	0.646
Poland	0.233	−2.567	−1.941	−1.616	0.754
Portugal	0.113	−2.567	−1.941	−1.616	0.718
Qatar	0.032	−2.567	−1.941	−1.616	0.693
South Korea	0.989	−2.567	−1.941	−1.616	0.915
Spain	−0.350	−2.567	−1.941	−1.616	0.559
Sweden	0.530	−2.567	−1.941	−1.616	0.830
Switzerland	0.827	−2.567	−1.941	−1.616	0.890
Tunisia	0.821	−2.567	−1.941	−1.616	0.889
Turkey	1.583	−2.567	−1.941	−1.616	0.973
UAE	0.358	−2.567	−1.941	−1.616	0.788
UK	−0.279	−2.567	−1.941	−1.616	0.585
USA	1.130	−2.567	−1.941	−1.616	0.934

Countries	ADF test statistics	Test critical values			Probability
Countries	ADF test statistics	1%	5%	10%	Probability
Australia	0.398	−2.567	−1.941	−1.616	0.798
Austria	−0.066	−2.567	−1.941	−1.616	0.661
Belgium	−0.060	−2.567	−1.941	−1.616	0.663
Brazil	0.862	−2.567	−1.941	−1.616	0.896
Canada	0.127	−2.567	−1.941	−1.616	0.722
China	0.612	−2.567	−1.941	−1.616	0.849
France	0.124	−2.567	−1.941	−1.616	0.722
Germany	0.482	−2.567	−1.941	−1.616	0.819
Netherlands	0.761	−2.567	−1.941	−1.616	0.878
Italy	0.350	−2.567	−1.941	−1.616	0.786
İreland	0.422	−2.567	−1.941	−1.616	0.804
Japan	1.050	−2.567	−1.941	−1.616	0.924
Malaysia	−0.109	−2.567	−1.941	−1.616	0.646
Poland	0.233	−2.567	−1.941	−1.616	0.754
Portugal	0.113	−2.567	−1.941	−1.616	0.718
Qatar	0.032	−2.567	−1.941	−1.616	0.693
South Korea	0.989	−2.567	−1.941	−1.616	0.915
Spain	−0.350	−2.567	−1.941	−1.616	0.559
Sweden	0.530	−2.567	−1.941	−1.616	0.830
Switzerland	0.827	−2.567	−1.941	−1.616	0.890
Tunisia	0.821	−2.567	−1.941	−1.616	0.889
Turkey	1.583	−2.567	−1.941	−1.616	0.973
UAE	0.358	−2.567	−1.941	−1.616	0.788
UK	−0.279	−2.567	−1.941	−1.616	0.585
USA	1.130	−2.567	−1.941	−1.616	0.934

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