Table 2 Result of unit root test for... | Emerald Publishing

Table 2

Result of unit root test for first difference of time series

Variable	Lag	a − 1	t-value
Container movement (Y)
China	12	−1.97	−3.19
Japan	12	−2.20	−3.96
South Korea	11	−3.80	−6.03
Taiwan	11	−3.35	−5.40
Exchange rate (ER)
China	1	−0.48	−8.46
Japan	2	−0.78	−8.27
South Korea	3	−0.66	−6.48
Taiwan	1	−0.68	−9.34
Consumer sentiment index (CS)	2	−1.42	−11.32
Non-farm payroll (EN)	2	−0.08	−2.35
Unemployment rate (UR)	5	−0.27	−2.87
Manufacturing ISM report on business (PMI)	1	−0.81	−8.97
Building permits (BP)	2	−0.95	−7.54
Indices of industrial production (IIP)	6	−0.39	−3.88
Dow Jones industrial average (DJI)	0	−1.09	−16.25

Variable	Lag	a − 1	t-value
Container movement (Y)
China	12	−1.97	−3.19
Japan	12	−2.20	−3.96
South Korea	11	−3.80	−6.03
Taiwan	11	−3.35	−5.40
Exchange rate (ER)
China	1	−0.48	−8.46
Japan	2	−0.78	−8.27
South Korea	3	−0.66	−6.48
Taiwan	1	−0.68	−9.34
Consumer sentiment index (CS)	2	−1.42	−11.32
Non-farm payroll (EN)	2	−0.08	−2.35
Unemployment rate (UR)	5	−0.27	−2.87
Manufacturing ISM report on business (PMI)	1	−0.81	−8.97
Building permits (BP)	2	−0.95	−7.54
Indices of industrial production (IIP)	6	−0.39	−3.88
Dow Jones industrial average (DJI)	0	−1.09	−16.25