Results

Critical values at risk

KPSS statistics

Test mode

Variable

Percent¹⁰

Percent⁵

Percent¹

Steady at 5 percent risk

0/119

0/146

0/216

0/134

(c, 0)

LYL

Steady at 5 percent risk

0/119

0/146

0/216

0/144

(c, t)

LKL

Steady at 5 percent risk

0/347

0/463

0/739

0/458

(c, 0)

LH

Steady at 5 percent risk

0/119

0/146

0/216

0/088

(c, t)

LXL

Steady at 5 percent risk

0/119

0/146

0/216

0/144

(c, t)

LML

Steady at 5 percent risk

0/119

0/146

0/216

0/138

(c, t)

LMKL

Steady at 5 percent risk

0/119

0/146

0/216

0/142

(c, t)

LMIL

Steady at 5 percent risk

0/347

0/463

0/739

0/302

(c, 0)

LEXCH

Steady at 5 percent risk

0/119

0/146

0/216

0/133

(c, t)

LPD

Steady at 5 percent risk

0/119

0/146

0/216

0/108

(c, t)

LPM

Steady at 5 percent risk

0/119

0/146

0/216

0/121

(c, t)

LPXM

Steady at 1 percent risk

0/119

0/146

0/216

0/187

(c, t)

LPFMX

Steady at 5 percent risk

0/119

0/146

0/216

0/054

(c, t)

VOLEX