Unit root test results
| Variable | Augmented Dickey-Fuller | Phillips-Perron | ||
|---|---|---|---|---|
| I(0) | I(1) | I(0) | I(1) | |
| LnRGDP | −3.052671** (0.0426) | −2.954353** (0.0523) | ||
| LnEXD | −5.091888*** (0.0005) | −5.636785*** (0.0001) | ||
| LnEXDS | 5.433410*** (0.0001) | −5.433410*** (0.0001) | ||
| LnCORR | −15.72053*** (0.0000) | −4.847647*** (0.0006) | ||
| LnINFL | −6.152651*** (0.0001) | |||
| LnK | −3.507436*** (0.0156) | −3.416494*** (0.0192) | ||
| Variable | Augmented Dickey-Fuller | Phillips-Perron | ||
|---|---|---|---|---|
| LnRGDP | −3.052671** (0.0426) | −2.954353** (0.0523) | ||
| LnEXD | −5.091888*** (0.0005) | −5.636785*** (0.0001) | ||
| LnEXDS | 5.433410*** (0.0001) | −5.433410*** (0.0001) | ||
| LnCORR | −15.72053*** (0.0000) | −4.847647*** (0.0006) | ||
| LnINFL | −6.152651*** (0.0001) | |||
| LnK | −3.507436*** (0.0156) | −3.416494*** (0.0192) | ||
Note(s): ADF and PP stand for the Augmented Dicky Fuller and Phillip-Peron unit root tests. The optimal lag selection is determined via the Akaike lag length selection criteria while the *, ** and *** are null hypothesis rejection at 10, 5 and 1% level of significance in that order
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