Variable | ADF | 1% level | 5% level | P value | Result |
LNPGDP | −2.169565 | −3.724070 | −2.986225 | 0.2214 | Non-stationary |
Δ LNPGDP | −3.981060 | −3.737853 | −2.991878 | 0.0057 | Stationary |
LNPCHE | −2.743801 | −3.724070 | −2.986225 | 0.0810 | Non-stationary |
Δ LNPCHE | −4.907246 | −3.737853 | −2.991878 | 0.0007 | Stationary |