| Augmented Dickey Fuller (ADF) Test | ||||
| Variables | Test Statistics | Level of Significance | Order of Integration | |
| Log Level | First Difference | |||
| LMQ | −2.5543 |
| 1% | I (1) |
| LFDI | −1.6406 | −7.1559 | 1% | I (1) |
| LINF | −1.3149 | −3.3492 | 1% | I (1) |
| LER | −1.1031 | −3.2879 | 5% | I (1) |
| LDET | −3.7841 |
| 1% | I (0) |
| LXPT | −1.3742 | −7.3418 | 1% | I (1) |