Table VI. Right tailed ADF tests ADF... | Emerald Publishing

Table VI.

Right tailed ADF tests

	ADF		RADF		SADF		GSADF
	t-Statistic	Prob.*	t-Statistic	Prob.*	t-Statistic	Prob.*	t-Statistic	Prob.*
Null hypothesis: log real house prices has a unit root
	0.93	0.00	2.967	0.002	1.998		3.32	0.002
Test critical values
99%	0.49		0.722		1.965		2.73
95%	−0.02		0.026		1.301		2.06
90%	−0.44		−0.34		0.964		1.71
Null hypothesis: PRICE-TO-INCOME has a unit root
	4.33	0.00	9.62	0.00	5.08	0.00	10.18	0.00
Test critical values
99%	0.49		0.72		1.97		2.73
95%	−0.02		0.03		1.30		2.06
90%	−0.44		−0.34		0.96		1.71
Null hypothesis: PRICE-TO-RENT has a unit root
	7.44	0.00	21.80	0.00	7.44	0.00	21.80	0.00
Test critical values
99%	0.49		0.72		1.97		2.61
95%	−0.02		0.03		1.30		1.99
90%	−0.44		−0.34		0.96		1.71

	ADF		RADF		SADF		GSADF
	t-Statistic	Prob.*	t-Statistic	Prob.*	t-Statistic	Prob.*	t-Statistic	Prob.*
Null hypothesis: log real house prices has a unit root
	0.93	0.00	2.967	0.002	1.998		3.32	0.002
Test critical values
99%	0.49		0.722		1.965		2.73
95%	−0.02		0.026		1.301		2.06
90%	−0.44		−0.34		0.964		1.71
Null hypothesis: PRICE-TO-INCOME has a unit root
	4.33	0.00	9.62	0.00	5.08	0.00	10.18	0.00
Test critical values
99%	0.49		0.72		1.97		2.73
95%	−0.02		0.03		1.30		2.06
90%	−0.44		−0.34		0.96		1.71
Null hypothesis: PRICE-TO-RENT has a unit root
	7.44	0.00	21.80	0.00	7.44	0.00	21.80	0.00
Test critical values
99%	0.49		0.72		1.97		2.61
95%	−0.02		0.03		1.30		1.99
90%	−0.44		−0.34		0.96		1.71

Note:

*Indicates significance at 1% level