Variable

Level

Results

LLC

p-value

IPS

p-value

Dep

−1.752

0.039

−1.771

0.038

Stationary in level

Gfcf

1.383

0.916

−2.598

0.005

Stationary in level

Infl

−3.598

0.000

−5.515

0.000

Stationary in level

df

−2.218

0.013

−2.4239

0.008

Stationary in level