Description | Differencing | Order of Integration | |||
Levels | First Difference | ||||
t-Value | P-Value | t-Value | P-Value | ||
LuSE Index | −2.0779 | 0.5535 | −4.5611 | 0.0017 | I(1) |
REER | −1.941974 | 0.0540 | −9.9055 | 0.0000 | I(1) |
Test critical values: | 1% level | −4.019561 |
| ||
| 5% level | −3.439658 |
| ||
| 10% level | −3.144229 |
|