Variables

In level

Constant and trend

Variables in difference

Constant and trend

Order of integration of variables

Calculate Value

p-value

Calculate Value

p-value

Idh

−2.7097

1%

−4.394

Δidh

−6.3090

1%

−4.416

I (1)

5%

−3.612

5%

−3.622

10%

−3.243

10%

−3.248

Ide

−3.213

1%

−4.394

Δide

−8.804

1%

−4.416

I (1)

5%

−3.612

5%

−3.622

10%

−3.243

10%

−3.248

Exp

−3.523

1%

−4.394

Δexp

−5.045

1%

−4.416

I (1)

5%

−3.612

5%

−3.622

10%

−3.243

10%

−3.248

Imp

−0.814

1%

−4.394

Δimp

−4.695

1%

−4.416

5%

−3.612

5%

−3.622

10%

−3.243

10%

−3.248

Inv

−2.458

1%

−4.394

Δinv

−5.985

1%

−4.416

I (1)

5%

−3.612

5%

−3.622

10%

−3.243

10%

−3.248

Pib

−2.358

−4.394

Δpib

−6.155

1%

−4.416