| Model | F-statiatic | No. of Regressors (K) | |
| f (logmkz, dinfra, fex, gexp, opn, infl, rintr) | 16.57586 | 7 | |
| Critical value bounds | |||
| Significance | I(0) Bound | I(1) Bound | |
| 10% | 2.03 | 3.13 | |
| 5% | 2.32 | 3.5 | |
| 1% | 2.96 | 4.26 | |