Table 2 SADF and GSADF test results...

Table 2

SADF and GSADF test results

Variables	Test statistics
Variables	SADF	GSADF
USD/BRL	0.4731	3.7225*
USD/RUB	7.9499*	10.2216*
USD/INR	1.3960**	1.5841
USD/CNY	7.8002*	8.0818*
USD/ZAR	1.2321***	2.9308**
USD/TRY	5.4871*	5.5928*

Variables	Test statistics
USD/BRL	0.4731	3.7225*
USD/RUB	7.9499*	10.2216*
USD/INR	1.3960**	1.5841
USD/CNY	7.8002*	8.0818*
USD/ZAR	1.2321***	2.9308**
USD/TRY	5.4871*	5.5928*

	Critical values			Critical values
	%1	%5	%10	%1	%5	%10
	1.9732	1.2556	1.0189	3.3729	1.9689	1.8572

Note(s): * 1%, ** 5% and *** 10% are significant. Critical values were obtained from Monte-Carlo simulations with 1,000 replicates. Initial window size 0.10 (21) is taken

Source(s): Own elaboration

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