Series

ADF test stat

5% critical value

Order

Remarks

logGDP

−1.488

−3.562

I(0)

Not stationary

logMS

−2.792

−3.557

I(0)

Not stationary

logER

−2.036

−3.5529

I(0)

Not stationary

logLR

−2.985

−3.5529

I(0)

Not stationary

logIR

−2.8093

−3.5578

I(0)

Not stationary