Variables

EViews

R

Stata

Levels

First Difference

Levels

First Difference

Levels

First Difference

Log RGDP

−0.515

[3]

(−2.933)

−4.761

[2]

(−2.935)***

0.129

[3]

(−2.932)

−5.832

[2]

(−2.934)***

−0.514

[3]

(−2.952)***

−4.761

[2]

(−2.955)***

Log Exchange Rate

−2.033

[2]

(−2.933)

−5.719

[4]

(−2.935)***

1.619

[2]

(−2.932)

−5.421

[4]

(−2.934)***

−2.033

[2]

(−2.952)***

−5.719

[4]

(−2.955)***

Log Real Public Debt

−0.651

[3]

(−2.933)

−7.806

[0]

(−2.935)***

0.156

[3]

(−2.932)

−7.679

[0]

(−2.934)***

−0.651

[3]

(−2.952)***

−7.806

[0]

(−2.955)***

Log Real Expenditure

1.102

[41]

(−2.933)

−18.034

[40]

(−2.935)***

−1.660

[41]

(−2.932)

−14.479

[40]

(−2.934)***

1.102

[41]

(−2.952)***

−18.034

[40]

(−2.955)***

Log Real Imports

−1.215

[4]

(−2.933)

−7.088

[5]

(−2.935)***

−2.208

[4]

(−2.932)

−7.345

[5]

(−2.934)***

−1.215

[4]

(−2.952)***

−7.088

[5]

(−2.955)***

Log Real Exports

−1.419

[0]

(−2.933)

−6.538

[0]

(−2.935)***

−1.076

[0]

(−2.932)

−7.055

[0]

(−2.934)***

−1.419

[0]

(−2.952)***

−6.538

[0]

(−2.955)***

Log Broad Money Supply (M2)

−3.069

[24]

(−2.933)**

−5.238

[40]

(−2.935)***

2.957

[24]

(−2.932)

−5.56

[40]

(−2.934) ***

−3.069

[24]

(−2.952)**

−5.238

[40]

(−2.955)***