Descriptive statistics and stationarity test
| GDP | FLFPR | MLFPR | SEMF | URP | FRF | |
|---|---|---|---|---|---|---|
| Mean | 53.22831 | 61.20712 | 75.48188 | 78.17648 | 36.34945 | 5.217674 |
| Median | 7.731917 | 64.23950 | 77.08700 | 88.62600 | 35.60650 | 5.362500 |
| Maximum | 19703.95 | 90.33100 | 93.90800 | 99.23000 | 89.37000 | 7.761000 |
| Minimum | 3.05E − 06 | 24.22500 | 49.66600 | 11.81600 | 5.491000 | 1.360000 |
| Std. Dev | 601.1790 | 15.83968 | 9.763754 | 23.55348 | 15.80359 | 1.261193 |
| Skewness | 30.11520 | −0.396284 | −0.408570 | −1.484238 | 0.589575 | −0.577155 |
| Kurtosis | 974.3301 | 2.317738 | 2.498323 | 3.961707 | 3.310345 | 3.170622 |
| Jarque–Bera | 46,408,384 | 53.58867 | 45.05045 | 477.1000 | 72.84883 | 66.71557 |
| Probability | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |
| Sum | 62596.49 | 71979.57 | 88766.69 | 91935.55 | 42746.96 | 6135.985 |
| Sum sq. Dev | 4.25 E + 08 | 294802.0 | 112013.8 | 651850.5 | 293460.5 | 1868.963 |
| Observations | 1,176 | 1,176 | 1,176 | 1,176 | 1,176 | 1,176 |
| GDP | FLFPR | MLFPR | SEMF | URP | FRF | |
|---|---|---|---|---|---|---|
| Mean | 53.22831 | 61.20712 | 75.48188 | 78.17648 | 36.34945 | 5.217674 |
| Median | 7.731917 | 64.23950 | 77.08700 | 88.62600 | 35.60650 | 5.362500 |
| Maximum | 19703.95 | 90.33100 | 93.90800 | 99.23000 | 89.37000 | 7.761000 |
| Minimum | 3.05E − 06 | 24.22500 | 49.66600 | 11.81600 | 5.491000 | 1.360000 |
| Std. Dev | 601.1790 | 15.83968 | 9.763754 | 23.55348 | 15.80359 | 1.261193 |
| Skewness | 30.11520 | −0.396284 | −0.408570 | −1.484238 | 0.589575 | −0.577155 |
| Kurtosis | 974.3301 | 2.317738 | 2.498323 | 3.961707 | 3.310345 | 3.170622 |
| Jarque–Bera | 46,408,384 | 53.58867 | 45.05045 | 477.1000 | 72.84883 | 66.71557 |
| Probability | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |
| Sum | 62596.49 | 71979.57 | 88766.69 | 91935.55 | 42746.96 | 6135.985 |
| Sum sq. Dev | 4.25 E + 08 | 294802.0 | 112013.8 | 651850.5 | 293460.5 | 1868.963 |
| Observations | 1,176 | 1,176 | 1,176 | 1,176 | 1,176 | 1,176 |
| Stationarity test | |||||
|---|---|---|---|---|---|
| Variables | Levin, Lin and Chu t* | Im, Pesaran and Shin W-stat | ADF – Fisher chi-square | PP–Fisher chi-square | Order |
| LNGDP | –37.1658*** | –40.6670*** | 1029.41*** | 1103.31*** | I(0) |
| LNFLFPR | –4.83527*** | –5.74078*** | 190.847*** | 195.766*** | 1(1) |
| LNMLFPR | –3.86136*** | –5.30338*** | 179.423*** | 145.857*** | I(1) |
| LNSEMF | –5.27378*** | –7.58473*** | 262.437*** | 296.954*** | I(1) |
| LNURP | –2.46049*** | 2.16898 | 191.488*** | 350.741*** | I(0) |
| LNFRF | –10.2707*** | –9.48141*** | 306.427*** | 93.0993 | I(1) |
| Variables | Levin, Lin and Chu | Im, Pesaran and Shin | ADF – Fisher chi-square | PP–Fisher chi-square | Order |
|---|---|---|---|---|---|
| LNGDP | –37.1658*** | –40.6670*** | 1029.41*** | 1103.31*** | I(0) |
| LNFLFPR | –4.83527*** | –5.74078*** | 190.847*** | 195.766*** | 1(1) |
| LNMLFPR | –3.86136*** | –5.30338*** | 179.423*** | 145.857*** | I(1) |
| LNSEMF | –5.27378*** | –7.58473*** | 262.437*** | 296.954*** | I(1) |
| LNURP | –2.46049*** | 2.16898 | 191.488*** | 350.741*** | I(0) |
| LNFRF | –10.2707*** | –9.48141*** | 306.427*** | 93.0993 | I(1) |
Note(s): ***, **, and * represents 1%, 5% and 10% significant level respectively
Source(s): Eview version 10 calculations