Unit root tests
| Tests | LNOWB | LNSWB | LNHWB | LNTOUR |
|---|---|---|---|---|
| ADF | ||||
| I(0) | −0.243 | −0.524 | −5.120* | −1.095 |
| I(I) | −9.404* | −6.390* | −3.200` | −6.695* |
| PP | ||||
| I(0) | −0.226 | −0.528 | −5.191* | −1.045 |
| I(I) | −8.516* | −6.640* | −3.200** | −6.720* |
| Tests | LNOWB | LNSWB | LNHWB | LNTOUR |
|---|---|---|---|---|
| I(0) | −0.243 | −0.524 | −5.120 | −1.095 |
| I(I) | −9.404 | −6.390 | −3.200` | −6.695 |
| PP | ||||
| I(0) | −0.226 | −0.528 | −5.191 | −1.045 |
| I(I) | −8.516 | −6.640 | −3.200 | −6.720 |
Notes:
*, ** and *** refer to rejection of null hypothesis that unit root exist at 1%, 5% and 10%, respectively
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