Variable

@Level

@First Difference

Order of Integration

t-statistic

P-value

t-statistic

P-value

LGDP

−3.281005

0.0246

-

-

I(0)

LFDI

−2.642153

0.0957

−9.856287

0.0000

I(1)

LDI

−1.753739

0.3949

−9.151749

0.0000

I(1)

RINTR

−3.379988

0.0196

-

-

I(0)

LEXTR

−2.621088

0.0996

−5.643297

0.0001

I(1)