Results from test of stationarity using Augmented Dickey-Fuller unit root Test

Augmented Dickey-Fuller Test Statistics

Level/Δ level

Lag length**

Adj. t-statistic

Prob*

Inference

Level Log GDP

0

−3.475478

0.0142

Stationary

Test critical values:

1% level

−3.615588

5% level

−2.941145

10% level

−2.609066

Level log EXCH

2

−4.208196

0.0022

Stationary

Test critical values:

1% level

−3.626784

5% level

−2.945842

10% level

−2.611531