Variable

ADF

1% Critical

Value

5% Critical

Value

p-value

LNSGDP

−4.867064***

−3.699871

−2.976263

0.0006

LNSJ

−4.950277***

−3.699871

−2.976263

0.0005

LNSH

−0.779590

−3.711457

−2.981038

0.8083

DLNSGDP

−1.815209

−3.711457

−2.981038

0.3652

DLNSJ

−2.200736

−3.711457

−2.981038

0.2107

DLNSH

−2.411703

−3.711457

−2.981038

0.1484

DDLNSGDP

−5.338505***

−3.724070

−2.986225

0.0002

DDLNSJ

−6.633921***

−3.737853

−2.991878

0.0000

DDLNSH

−5.788228***

−3.724070

−2.986225

0.0001