Variable

ADF test statistic

Critical values

1%

5%

imp

−2.685181

−3.9969

−3.4287

Δimp

−7.129538

−3.9974

−3.4290

neer

−2.004260

−3.9971

−3.4288

Δneer

−11.227270

−3.9971

−3.4288

ppi

−2.380421

−3.9971

−3.4288

Δppi

−6.414848

−3.9971

−3.4288

gdp

0.705691

−3.9973

−3.4289

Δgdp

−14.966260

−3.9973

−3.4289

wcpi

−3.226988

−3.9971

−3.4288

Δwcpi

−7.917159

−3.9971

−3.4288

var neer

−7.735825

−3.4579

−2.8735