Summary of the result of the Augmented Dickey–Fuller and Phillips–Perron Test Statistic
| Variable | ADF | PP | ||||
|---|---|---|---|---|---|---|
| I(0) | I(1) | Remark | I(0) | I(1) | Remark | |
| GDP | −3.699*** | I(0) | −3.064** | I(0) | ||
| (0.009) | (0.039) | |||||
| PEE | −2.877* | I(0) | −2.792* | I(0) | ||
| (0.058) | 0.069 | |||||
| PER | −3.578** | I(0) | −3.600** | I(0) | ||
| (0.011) | (0.011) | |||||
| PEH | −0.779 | −7.791*** | I(1) | −0.297 | −14.975*** | I(1) |
| (0.813) | (0.000) | (0.916) | (0.000) | |||
| CAP | −1.307 | −4.390*** | I(1) | −1.178 | −4.460*** | I(1) |
| (0.616) | (0.001) | (0.673) | (0.001) | |||
| LAB | 0.691 | −3.393** | I(1) | 1.423 | −2.808* | I(1) |
| (0.990) | (0.018) | (0.999) | (0.068) | |||
| FDI | −2.068 | −10.311*** | I(1) | −2.600 | −10.752*** | I(1) |
| (0.258) | (0.000) | (0.102) | (0.000) | |||
| Variable | ADF | PP | ||||
|---|---|---|---|---|---|---|
| I(0) | I(1) | Remark | I(0) | I(1) | Remark | |
| GDP | −3.699*** | I(0) | −3.064** | I(0) | ||
| (0.009) | (0.039) | |||||
| PEE | −2.877* | I(0) | −2.792* | I(0) | ||
| (0.058) | 0.069 | |||||
| PER | −3.578** | I(0) | −3.600** | I(0) | ||
| (0.011) | (0.011) | |||||
| PEH | −0.779 | −7.791*** | I(1) | −0.297 | −14.975*** | I(1) |
| (0.813) | (0.000) | (0.916) | (0.000) | |||
| CAP | −1.307 | −4.390*** | I(1) | −1.178 | −4.460*** | I(1) |
| (0.616) | (0.001) | (0.673) | (0.001) | |||
| LAB | 0.691 | −3.393** | I(1) | 1.423 | −2.808* | I(1) |
| (0.990) | (0.018) | (0.999) | (0.068) | |||
| FDI | −2.068 | −10.311*** | I(1) | −2.600 | −10.752*** | I(1) |
| (0.258) | (0.000) | (0.102) | (0.000) | |||
Note(s): ***, ** and * indicate significance level at 1%, 5 and 10%
Source(s): Computed by authors using Eviews 10
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.