| Variable | Results | |||
| ADF | 1% | 5% | Stage | |
| GDP | −5.128761 | −3.4862 | −2.7643 | First |
| TOP | −4.341684 | −3.4736 | −2.7599 | Level |
| CIT | −3.959872 | −3.4862 | −2.7643 | First |
| CED | −4.826194 | −3.4862 | −2.7643 | First |
| PIT | −4.192766 | −3.4862 | −2.7643 | First |
| PPT | −5.083214 | −3.4862 | −2.7643 | First |