Variable

Transformed form

ADF Test Statistic

Critical Value

FDI

Difference ((log(FDI)), 1)

−5.697414

−3.769597*

License fee & Royalty

Difference (log(License fee & royalty), 1)

−3.712217

−2.998064**

Technological Import

Difference (log(Import), 1)

−3.548078

−3.004861**