Null Hypothesis: D (APD) has a unit root | |||
Exogenous: Constant | |||
Bandwidth: 28 (Newey-West automatic) using Bartlett kernel | |||
|
| Adj. t-Stat | Prob.* |
Phillips-Perron test statistic | −26.28016 | 0.0001 | |
Test critical values: | 1% level | −3.679322 |
|
5% level | −2.967767 |
| |
10% level | −2.622989 |
|