| variables | level | 1st difference | ||||||
| ADF-T | (C,T,L) | P | SC | ADF-T | (C,T,L) | P | SC | |
| DPR | −3.4597** | (C,0,1) | 0.0165 | −3.6907 |
|
|
|
|
| DPPR | −3.2827** | (C,0,1) | 0.0248 | −3.6768 |
|
|
|
|
| LnRGDP | −3.3311* | (C,T,1) | 0.0806 | −3.9526 |
|
|
|
|
| lnRGDPP | −3.2883* | (C,T,1) | 0.0875 | −3.9285 |
|
|
|
|
| lnRFPI |
|
|
|
| −5.0757*** | (C,T,0) | 0.0015 | 1.1277 |
| lnRFDI |
|
|
|
| −4.4165*** | (C,T,1) | 0.0078 | −0.2887 |
| lnRFIA |
|
|
|
| −3.7474** | (C,T,4) | 0.0367 | 1.5238 |
| lnRFPIP |
|
|
|
| −5.0650*** | (C,T,0) | 0.0016 | 1.1297 |
| lnRFDIP |
|
|
|
| −4.4192*** | (C,T,1) | 0.0078 | −0.2877 |
| lnRFIAP |
|
|
|
| −3.7416** | (C,T,4) | 0.0372 | −1.5256 |
| lnU |
|
|
|
| −6.8130*** | (C,T,0) | 0.0000 | 0.0084 |