Variable

Inspection form

ADF statistics

Critical value

Conclusion

The value of P

T

(c t 1)

−3.828950

−3.710482

First order differential stability

0.0407

(c t 1)

−4.722667

−3.690814

First order differential stability

0.0075

(c t 2)

−5.225394

−1−4823.7

Two order differential stability

0.0034

(c t 2)

−4.499562

−3.759743

Two order differential stability

0.0147

(c t 1)

−4.901301

−3.690814

First order differential stability

0.0054

(c t 1)

−6.028682

−3.710482

First order differential stability

0.0008