Variable | ADF value | Type of inspection (c,t,l) | 1% critical value | 5% critical value | p value | Smooth or not |
LNM2 | −3.37773 | (c,0,0) | −3.50928 | −2.89592 | 0.0145 | Yes |
LNRATE | −2.36374 | (c,0,0) | −3.49991 | −2.89187 | 0.1547 | No |
DLNRATE | −10.80210 | (c,t,0) | −4.05752 | −3.45781 | 0.0000 | Yes |
LNHP | −0.24385 | (c,0,0) | −3.50928 | −2.58517 | 0.9276 | No |
D LNHP | −3.61092 | (c,t,0) | −4.06963 | −3.46355 | 0.0348 | Yes |