Table 3 Unit root test Variables... | Emerald Publishing

Table 3

Unit root test

Variables	Augmented dickey fuller test		Remarks
	Intercept	Trend and intercept
At Level, I(0)
CAD	−3.305^**	−3.676^**	Stationary
BD	−2.169	−1.911	Not Stationary
INF	−5.041^*	−5.129^*	Stationary
RR	−4.439^*	−4.240^*	Stationary
lnGDP	6.763	−0.207	Not Stationary
First difference, I(1)
CAD	−7.053^*	−7.063^*	Stationary
BD	−6.273^*	−6.477^*	Stationary
INF	−9.938^*	−9.822^*	Stationary
RR	−9.288^*	−9.292^*	Stationary
lnGDP	−2.606^***	−6.210^*	Stationary

Variables	Augmented dickey fuller test		Remarks
	Intercept	Trend and intercept
At Level, I(0)
CAD	−3.305^**	−3.676^**	Stationary
BD	−2.169	−1.911	Not Stationary
INF	−5.041^*	−5.129^*	Stationary
RR	−4.439^*	−4.240^*	Stationary
lnGDP	6.763	−0.207	Not Stationary
First difference, I(1)
CAD	−7.053^*	−7.063^*	Stationary
BD	−6.273^*	−6.477^*	Stationary
INF	−9.938^*	−9.822^*	Stationary
RR	−9.288^*	−9.292^*	Stationary
lnGDP	−2.606^***	−6.210^*	Stationary

Note(s): *, **, *** indicate sgnificance level of 10%, 5% and 1% respectively

Source(s): Table by authors