Country | Variables | ADF Z-stat. in level | ADF Z-stat. in first diff. | Order of Integration |
Uganda | Logarithm of total employment | 1.157 | −2.951** | I (1) |
Logarithm of GDP | −1.413 | −3.414** | I (1) | |
Logarithm of domestic credit | −1.692 | −3.182** | I (1) | |
Logarithm of FDI | −1.902 | −3.509*** | I (1) | |
Population growth | −1.020 | −2.898** | I (1) | |
Inflation | −3.846*** | - | I (0) | |
Lending interest rate | −2.855* | −3.489** | I (1) | |
Kenya | Logarithm of total employment | −0.272 | −3.521** | I (1) |
Logarithm of GDP | −1.358 | −3.125 ** | I (1) | |
Logarithm of domestic credit | −1.451 | −3.020** | I (1) | |
Logarithm of FDI | −1.921 | −4.761*** | I (1) | |
Population growth | −0.579 | −3.691*** | I (1) | |
Inflation | −4.036*** | - | I (0) | |
Lending interest rate | −2.963** | - | I (0) | |
Tanzania | Logarithm of total employment | 0.744 | −2.891** | I (1) |
Logarithm of GDP | −0.829 | −3.398** | I (1) | |
Logarithm of domestic credit | −2.619* | −3.726** | I (1) | |
Logarithm of FDI | −2.383 | −4.324 *** | I (1) | |
Population growth | −9.123*** | - | I (0) | |
Inflation | −2.694* | −3.879 *** | I (1) | |
Lending interest rate | −2.855* | −3.489*** | I (1) |