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 |