Table A4. Panel unit root tests LLC... | Emerald Publishing

Table A4.

Panel unit root tests

	LLC		ADF-Fisher
Variables	Level	First difference	Level	First difference
Gini	−3.99**	−2.64**	67.45**	31.73*
MP	−15.38**	−14.67**	191.92**	186.12**
FD	3.75	−11.37**	2.61	135.13**
GDP per capita	9.77	−5.49**	1.59	74.82**
MP*FD	−14.88**	−15.91**	185.02**	178.19**

	LLC		ADF-Fisher
Variables	Level	First difference	Level	First difference
Gini	−3.99**	−2.64**	67.45**	31.73*
MP	−15.38**	−14.67**	191.92**	186.12**
FD	3.75	−11.37**	2.61	135.13**
GDP per capita	9.77	−5.49**	1.59	74.82**
MP*FD	−14.88**	−15.91**	185.02**	178.19**

Note:

* and ** Indicate significance at the 1 and 5% level