| Variables | Panel A: Level | Panel B: 1 st difference | Results |
|
| Actual value | Actual value |
|
| UE | −1.955 | −5.522*** | I(1) |
| FDI | −2.037 | −6.267*** | I(1) |
| EXP | −3.045** | −4.694 | I(0) |
| REMT | −1.338 | −4.523*** | I(1) |