TC15-24 | |||||||||
ADF | PP | KPSS | |||||||
t- Statistic | Critical Value | I(d) | t- statistic | Critical Value | I(d) | t- statistic | Critical Value | I(d) | |
Model 3 | −2.22 | −3.59 | - | −2.22 | −3.59 | - | 0.16** | 0.15 | I(0) |
Model 2 | −2.26 | −2.98 | - | −2.26 | −2.98 | - | - | - | - |
Model 1 | −2.03** | −1.95 | I(1) | −2.03** | −1.95 | I(1) | |||
RE15−24 | |||||||||
Model 3 | −1.82 | −3.58 | - | −1.95 | −3.59 | - | 0.16** | 0.15 | I(0) |
Model 2 | −2.01 | −2.98 | - | −2.10 | −2.97 | - | |||
Model 1 | −1.98** | −1.95 | I(1) | −2.06** | −1.95 | I(1) | |||
PIBHC | |||||||||
Model 3 | −4.48 | −3.58 | - | −4.47 | −3.58 | - | 0.09 | 0.14 | - |
Model 2 | −4.53 | −2.98 | - | −4.56 | −2.98 | - | 0.59** | 0.46 | I(0) |
Model 1 | −4.42*** | −2.65 | I(1) | −4.46*** | −2.65 | I(1) | |||
M | |||||||||
Model 3 | −4.55 | −3.58 | - | −4.52 | −3.59 | - | 0.10 | 0.14 | - |
Model 2 | −4.60 | −2.98 | - | −4.57 | −2.98 | - | 0.60** | 0.46 | I(0) |
Model 1 | −4.45*** | −1.95 | I(1) | −4.43*** | −2.65 | I(1) | - | - | |
FBCFC | |||||||||
Model 3 | −3.43 | −3.59 | - | −3.43 | −3.59 | - | 0.09 | 0.14 | - |
Model 2 | −3.4 | −2.97 | - | −3.49 | −2.98 | - | 0.5** | 0.46 | I(0) |
Model 1 | −3.49** | −1.95 | I(1) | −3.54** | −1.95 | I(1) |