Model

Change in constant

Change in trend

Change in constant and in trend

Level

Difference

Level

Difference

Level

difference

Variables

Tr

MinT

Tr

MinT

Tr

MinT

Tr

MinT

Tr

MinT

Tr

MinT

TC

-

-

-

-

2005

−4.482

-

-

2004

−4.04

-

-

RE

2010

−5.961

-

-

2002

−3.982

-

-

2005

−4.30

-

-

PIBHC

2015

−3.404

-

-

2014

−3.522

-

-

2010

−5.32

-

-

FBCFC

2010

−4.983

-

-

2003

−3.702

-

-

2010

−4.90

-

-

M

2007

−3.774

-

-

2015

−2.680

2008

−5.088

2007

−3.90

2003

−5.22