Table 2 Unit root test result Variables... | Emerald Publishing

Table 2

Unit root test result

Variables	T-statistics	Critical value at 5% significance	Probabilities	ADF test: stationary at levels or difference
ERV	−4.791522	−2.967767 (lower tail, > t-stat)	0.0006 (<0.05)	Level
DREER	−7.550069	−2.971853 (lower tail, > t-stat)	0.0000 (<0.05)	Level
Y	−5.127979	−2.976263 (lower tail, > t-stat)	0.0003 (<0.05)	1st difference
Xt	−5.080055	−2.976263 (lower tail, > t-stat)	0.0003 (<0.05)	1st difference
GDP	−5.080130	−2.967767 (Lower tail, > t-stat)	0.0003 (<0.05)	1st difference
GER	−4.292251	−2.976263 (lower tail, > t-stat)	0.0022 (<0.05)	Level

Variables	T-statistics	Critical value at 5% significance	Probabilities	ADF test: stationary at levels or difference
ERV	−4.791522	−2.967767 (lower tail, > t-stat)	0.0006 (<0.05)	Level
DREER	−7.550069	−2.971853 (lower tail, > t-stat)	0.0000 (<0.05)	Level
Y	−5.127979	−2.976263 (lower tail, > t-stat)	0.0003 (<0.05)	1st difference
Xt	−5.080055	−2.976263 (lower tail, > t-stat)	0.0003 (<0.05)	1st difference
GDP	−5.080130	−2.967767 (Lower tail, > t-stat)	0.0003 (<0.05)	1st difference
GER	−4.292251	−2.976263 (lower tail, > t-stat)	0.0022 (<0.05)	Level

Source(s): Authors’ computation