Variables

ADF Test

Decision

Model

ADF_calculated

ADF_critical

Probability

GDP

Trend and Intercept

−3.865956

−3.710482

0.0381**

I (1)

GROSS_CAP

Trend and Intercept

−4.139886

−3.710482

0.0235**

I (1)

TRADE_BAL

Trend and intercept

−5.268142

−4.616209

0.0031***

I (1)

TRANSP_SERVICES

Tend and Intercept

−5.342771

−4.616209

0.0027***

I (2)