Variables

Level

Primary difference

Results

CIPS1

CIPS2

CIPS3

Valeur critique

CIPS1

CIPS2

CIPS3

Valeur critique

GDP/capita

−3.014

−3.014

−3.169

−2.6

Stationary in level

Log (GDP/cap (-1))

−1.158

−1.658

−1.852

−2.34

−3.082

−3.082

−3.082

−2.6

Stationary in first diff

Ms

−1.801

−2.314

−1.830

−2.34

−3.536

−3.752

−3.921

−2.6

Stationary in first diff

Cred

−1.264

−1.264

−1.604

−2.34

−3.90

−3.90

−3.90

−2.6

Stationary in first diff

Trade

−2.624

−2.624

−2.624

−2.6

Stationary in level

Pop

−3.424

−4.656

−3.672

−2.6

Stationary in level

Sse

−1.365

−2.332

−1.365

−2.34

−3.655

−3.825

−3.655

−2.6

Stationary in first diff