variable at level

GDP

GSP

GSF

GSU

GCF

LBR

coefficient

−0.18***

−0.79*

00.98

−0.66***

−0.36*

0.01

standard error

(0.049)

(0.25)

(0.43)

(0.18)

(0.19)

(0.009)

test-statistic

−3.64

−3.11

−2.28

−3.55

−1.87

1.02

critical value (5%)

−1.83

1.83

1.83

1.83

1.83

1.83