Var

ADF

LEVEL

1ST DIFFERNCE

cons

cons + t

cons

cons + t

LnHCD I(1)

0.847889

−2.589006

−5.240346***

−5.370820***

LnAID I(1)

−0.844554

−3.114078

−5.085786***

−4.977666***

LnFDI I(1)

−2.592033

−2.874847

−5.912765***

−4.684912***

LnPOP I(0)

−2.287980***

−1.293844

-

-

LnTrade I(1)

−2.860908

−3.065741

−5.967420***

−5.833651***