Augmented Dickey Fuller Test

Phillip Perron Test

Variables

Level

1^st Difference

2^nd Difference

Level

1^st Difference

2^nd Difference

PSBSM40

−0.177

−7.051***

−9.946***

−0.847

−7.798***

−25.991

REER

−1.593

−7.609***

−10.101***

−1.609

−7.563***

−15.605

PSBRSS1

−1.168

−6.092***

−10.247***

−1.208

−6.092***

−13.723

COP

−1.565

−6.789***

−6.538***

−1.524

−6.832

−31.242

SSB

−1.774

−6.000***

−10.247***

−1.881

−6.000***

−17.536

DSB

0.027

−2.712***

−8.029

0.822

−7.320***

−25.430