Table 5 KPSS tests for logs of prices... | Emerald Publishing

Table 5

KPSS tests for logs of prices

		GDT_CP2	EU	Oceania	US
WMP	Level	0.477**	0.654**	0.548**	0.616**
WMP	1st difference	0.055	0.089	0.063	0.112
SMP	Level	1.111***	1.192***	1.099***	1.152***
SMP	1st difference	0.123	0.18	0.142	0.15
Butter	Level	0.598**	0.322	0.531**	0.741***
Butter	1st difference	0.063	0.122	0.068	0.064
Chedar	Level	0.154	0.770***	0.359*	0.359*
Chedar	1st difference	0.079	0.098	0.083	0.085
Test critical values	1% level	5% level	10% level
Test critical values	0.739	0.463	0.347

		GDT_CP2	EU	Oceania	US
WMP	Level	0.477**	0.654**	0.548**	0.616**
WMP	1st difference	0.055	0.089	0.063	0.112
SMP	Level	1.111***	1.192***	1.099***	1.152***
SMP	1st difference	0.123	0.18	0.142	0.15
Butter	Level	0.598**	0.322	0.531**	0.741***
Butter	1st difference	0.063	0.122	0.068	0.064
Chedar	Level	0.154	0.770***	0.359*	0.359*
Chedar	1st difference	0.079	0.098	0.083	0.085
Test critical values	1% level	5% level	10% level
Test critical values	0.739	0.463	0.347

Note(s): ***, ** and * denote significance level of 1%, 5% and 10%, respectivelySource(s): own calculations