| Variables | Test Statistics | Critical | Critical | Critical | P-Value |
|
|
| Value 1% | Value 5% | Value 10% |
|
| D(CIEA) | −8.900595 | −2.585226 | −1.943637 | −1.614882 | 0.0000 |
| D(LNEXP) | −14.95897 | −2.584707 | −1.943563 | −1.614927 | 0.0000 |