Table 1 Augmented dick fuller units root... | Emerald Publishing

Table 1

Augmented dick fuller units root test (ADF)

Variables	Levels		First difference
Variables	Intercept	Intercept and trend	Intercept	Intercept and trend
LnFDI	−1.2607	−2.5712	−6.4021**	−6.2546**
RGDP	−4.7237**	−5.2155**	−7.3642**	−7.2426**
CTR	−1.7002	−1.0038	−6.023**	−6.9189**
EXCH	−2.1167	1.7853	−4.4437**	−4.0539**
LnTRADE	−1.2382	−1.8149	−5.9409**	−5.9112**

Variables	Levels		First difference
Variables	Intercept	Intercept and trend	Intercept	Intercept and trend
LnFDI	−1.2607	−2.5712	−6.4021**	−6.2546**
RGDP	−4.7237**	−5.2155**	−7.3642**	−7.2426**
CTR	−1.7002	−1.0038	−6.023**	−6.9189**
EXCH	−2.1167	1.7853	−4.4437**	−4.0539**
LnTRADE	−1.2382	−1.8149	−5.9409**	−5.9112**

Source(s): Author's computation using Stata

Note(s): (**) denotes statistical significance at 5% level of significance