Table III.

Results of the panel unit root tests

LLC statistics
VariableUnadjusted tAdjusted t
lnTB−22.0222−10.3759a
lnGDPpc−11.0332−8.1025a
lnEXIM−9.2206−5.1717a
lnlaborforce−10.6388−1.9030b
lnunemp−12.7547−5.2514a
lnfactory−13.3444−2.5094a

Notes:

a

and

b

indicate levels of significance at “1” and “5”%, respectively

Source: Author’s estimation

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