Results from Test of Stationarity Using Phillip-Parron Unit Root Test | ||||
Phillip-Perron Test Statistics | ||||
Level/Δ Level | Bandwidth** | Adj. t-statistic | Prob* | Inference |
Level Log GDP | 3 | −2.672486 | 0.0881 | Non-stationary |
Test critical values: | 1% level | −3.615588 |
| |
5% level | −2.941145 |
| ||
10% level | −2.609066 |
| ||
Δ Level Log GDP | 2 | −3.036783 | 0.0407 | Stationary |
Test critical values: | 1% level | −3.621023 |
| |
5% level | −2.943427 |
| ||
10% level | −2.610263 |
| ||
Level log EXCH | 0 | −3.77236 | 0.0067 | Stationary |
Test critical values: | 1% level | −3.615588 |
| |
5% level | −2.941145 |
| ||
10% level | −2.609066 |
|