Variables

Augmented Dickey-Fuller

IO

First Difference

No Trend

Trend

LNRGDP

−12.74961***

−12.93601***

I (1)

LNLABF

−12.96100***

−12.89302***

I (1)

LNEXR

−5.091735***

−5.641887***

I (1)

LNCOCX

−10.94571***

−10.95763***

I (1)

LNBANX

−8.042295***

−7.917979***

I (1)