| Variables | Level | 1st Difference | ||||||||||
| Intercept but no trend | Intercept and trend | Intercept but no trend | Intercept and trend | |||||||||
| Test Statistics | Critical Value (5%) | Prob. | Test Statistics | Critical Value (5%) | Prob. | Test Statistics | Critical Value (5%) | Prob. | Test Statistics | Critical Value (5%) | Prob. | |
| LFDI | −12.189 | −2.875 | 0.000 | −13.005 | −3.431 | 0.000 | −90.360 | −2.875 | 0.000 | −99.074 | −3.431 | 0.000 |
| LCPI | −8.588 | −2.875 | 0.000 | −8.620 | −3.431 | 0.000 | −33.360 | −2.875 | 0.000 | −33.246 | −3.431 | 0.000 |
| LXR | −2.413 | −2.875 | 0.139 | −2.399 | −3.431 | 0.379 | −12.851 | −2.875 | 0.000 | −12.813 | −3.431 | 0.000 |
| LTWSE | −3.267 | −2.875 | 0.017 | −3.355 | −3..431 | 0.060 | −14.663 | −2.875 | 0.000 | −14.656 | −3.431 | 0.000 |
| LIMP | −4.814 | −2.875 | 0.000 | −5.086 | −3.431 | 0.000 | −22.713 | −2.875 | 0.000 | −22.647 | −3.431 | 0.000 |
| LBIT | −11.224 | −2.875 | 0.000 | −11.199 | −3.431 | 0.000 | −28.014 | −2.875 | 0.000 | −27.943 | −3.431 | 0.000 |