AT LEVELS

Study Variables

ADF Test Statistics

MacKinnon Critical Value @ 5% level

P-value

Order of Integration

Conclusion

LOG(RGDP)

−3.469531

−2.954021

0.0154

1(0)

Stationary

LOG(FOPB)

−1.236435

−2.951125

0.6470

1(0)

Presence of Unit Root

LOG(DPPF)

−0.937740

−2.951125

0.7637

1(0)

Presence of Unit Root

LOG(KPPF)

−0.992247

−2.951125

0.7449

1(0)

Presence of Unit Root

LOG(PPPF)

−1.601072

−2.951125

0.4711

1(0)

AT FIRST DIFFERENCE

Study Variables

ADF Test Statistics

MacKinnon Critical Value @ 5% level

P-value

Order of Integration

Conclusion

LOG(RGDP)

−6.683186

−2.957110

0.0000

1(1)

Stationary

LOG(FOPB)

−4.913071

−2.957110

0.0004

1(1)

Stationary

LOG(DPPF)

−5.261112

−2.954021

0.0001

1(1)

Stationary

LOG(KPPF)

−4.687622

−2.954021

0.0007

1(1)

Stationary

LOG(PPPF)

−6.157853

−2.954021

0.0000

1(1)

Stationary