Variable | ADF Test at Level | ADF Test at First Difference | Conclusion |
GDP (Billion Rs.) | 6.18 (1.00) | −4.94 (0.00) | I(1) |
Education (Secondary School Enrollment) | 0.30 (0.97) | −5.62 (0.00) | I(1) |
Life Expectancy at Birth | 5.03 (0.99) | −3.53 (0.05) | I(1) |
Expenditure Decentralization | −2.21 (0.20) | −10.27 (0.00) | I(1) |
Revenue Decentralization | −4.06 (0.01) | - | I(0) |
Composite Decentralization | −1.98 (0.28) | −6.82(0.00) | I(1) |
Total Labor Force (Million) | 7.77 (1.00) | −3.66(0.00) | I(1) |
Gross Fixed Capital Formation (Constant US$ Billion) | −3.29 (0.08) |
| I(0) |
Trade to GDP Ratio | −0.44 (0.51) | −7.12 (0.00) | I(1) |
Employment Rate | −1.94 (0.30) | −6.33 (0.00) | I(1) |
Education Expenditures (% of GDP) | −3.46 (0.01) | - | I(0) |
Health Expenditures (Million Rs.) | −1.38 (0.99) | −3.61(0.01) | I(1) |
Number of Physicians ( Number) | −8.97 (0.00) | - | I(0) |