| (C, T, L) | ADF statistic | 1% significance level/critical value | P-value |
dlnsb_sa | (c, 0, 0) | −9.764687 | −3.476805 | 0.0000 |
dlnloan_sa | (c, 0, 2) | −3.483754 | −3.477487 | 0.0098 |
dlnrate_sa | (c, 0, 0) | −12.95342 | −3.476805 | 0.0000 |
dlnpmi_sa | (c, 0, 1) | −10.03948 | −3.477144 | 0.0000 |