Table 2. Results of unit root tests...

Table 2.

Results of unit root tests (with constant and trend)

ADF	LGDP	LEMP	LCAP	LEP	LEC
Levels	−2.42	−2.60	−0.72	−2.05	−1.58
	−5.03^***	−3.03	−2.78	−3.69	−4.34^***

Notes:

LGDP is the level of real GDP in logarithms; LEMP is the level of employment in logarithms; LCAP is the level of the stock of capital in logarithms; LEP is the level of electricity production in logarithms and LEC is the level of electricity consumption in logarithms.

***; **; * represent the rejection of the null hypothesis of non-stationarity at the 1%, 5% and 10% level of significance, respectively

[ViewLarge]

Sharing Unavailable