Augmented Dickey-Fuller Unit Root Test

At Level

Variable

Intercept

Prob.

Intercept & Trend

Prob.

RGDP

0.522876

0.9852

−3.146117

0.1115

TFD

−0.94802

0.7616

1.280142

0.9999

TO

−4.233078

0.0022*

−4.411566

0.0068*

FD

−1.337935

0.6019

−1.66881

0.7455

IR

−5.009181

0.0002*

−5.254071

0.0006*

INF

−4.289797

0.0016*

−4.203968

0.0104*

EX

1.952989

0.9998

0.225796

0.9974

At 1st Difference

RGDP

−3.553275

0.0122*

−3.592479

0.0451*

TFD

−4.078261

0.0030*

−4.165743

0.0116*

TO

−4.706801

0.0005*

−4.76209

0.0025*

FD

−4.82033

0.0004*

−4.759345

0.0025*

IR

−8.964744

0.0000*

−8.931981

0.0000*

INF

−10.94876

0.0000*

−10.77087

0.0000*

EX

−4.681791

0.0006*

−5.087742

0.0011*