NuII Hypothesis: INV has a unit root

Exogenous: Constant

Lag Length: 0 (Automayic-based on SIC, maxlag = 2)

Prod*

t-Statistic

0.05292

−1.436823

Augmented Dickey-Fuller test statistic

−4.121990

−3.144920

−2.713751

1% level

5% level

10% level

Test critical values: