Variables

Type of test

without constant and without trend

With constant and without trend

With constante and trend

Critical value (5%)

Stat of test

Decisions

AAGR

ADF

yes

no

No

−1.947665

−4.187011

I(1)

PP

yes

no

No

−1.946996

−2.763288

I(1)

AVA

ADF

yes

no

No

−1.948313

−2.125097

I(1)

PP

yes

no

No

−1.946996

−2.612717

I(1)

IVA

ADF

yes

no

No

−1.612229

−1.720570

I(1)

PP

yes

no

No

−1.946996

−2.820162

I(1)

GFCF

ADF

yes

no

No

−1.947665

−3.007740

I(1)

PP

yes

no

No

−1.946996

−2.526056

I(1)

CPI

ADF

yes

no

No

−1.948313

−2.436811

I(1)

PP

yes

no

No

−1.946996

−3.366829

I(1)