GCC | Returns | Prices | ||||||
ADF | PP | KPSS* | lags | ADF | PP | KPSS* | lags | |
Bahrain | 23.9287 (0.0000) | 36.3923 (0.0000) | 0.163642 | 3 | −0.40241 (0.9064) | −0.1814 (0.9383) | 3.38354 | 7 |
Dubai | 35.5196 (0.0000) | 36.5589 (0.0000) | 0.127087 | 1 | −1.2989 (0.6321) | −1.52308 (0.5218) | 3.162082 | 2 |
Kuwait | 33.5391 (0.0000) | 33.8347 (0.0000) | 0.073448 | 5 | −0.40294 (0.9063) | −0.55905 (0.8769) | 3.433574 | 6 |
Qatar | 37.5455 (0.0000) | 37.7328 (0.0000) | 0.086213 | 1 | −0.8174 0.8135 | −1.10685 (0.7152) | 2.586876 | 2 |
Saudi Arabia | 34.7529 (0.0000) | 35.0339 (0.0000) | 0.085712 | 5 | −0.43677 (0.9004) | −0.50296 (0.8882) | 3.124048 | 2 |
Oman | −30.58239 (0.0000) | −30.60818 (0.0000) | 0.149798 | 1 | −1.027663 (0.7453) | −1.056701 (0.7453) | 4.434236 | 2 |