ADF Test

PP Test

KKPS Test

Calculated Value

Critical Value (Level at 5%)

Integration order

Calculated Value

Critical Value (Level at 5%)

Integration order

Calculated Value

Critical Value (Level at 5%)

Integration order

Gdp

−1.46

−3.53

I (1)

−1.46

−3.55

I (1)

−2.41

−3.53

I (1)

Erre

−3.16

−4.22

I (1)

−3.16

−3.53

I (1)

−2.43

−3.53

I (1)

Open

−2

−3.53

I (1)

−2

−3.53

I (1)

−1.93

−3.53

I (1)

Posext

−2.63

−3.53

I (1)

−2.63

−3.54

I (1)

−0.09

−3.53

I (1)

Tot

−0.45

−3.53

I (1)

−0.45

−3.54

I (1)

−0.78

−3.53

I (1)

Invest

−2.94

−3.53

I (1)

−2.94

−3.54

I (1)

−1.54

−3.53

I (1)

Pubspend

−2.94

−3.53

I (1)

−1.54

−3.54

I (1)

−2.23

−3.53

I (1)

Prod

−1.45

−3.53

I (1)

−1.89

−3.54

I (1)

−2.45

−3.53

I (1)