|
| Linear test |
| Nonlinear test |
Lags | ADF t-Stat | PP Adj. t-Stat | KPSS Adj. t-Stat | KSS t-Stat |
5 | −7.8239*** | −14.1032*** | 0.0186 | −2.6931*** |
10 | −5.3143*** | −14.0209*** | 0.0254 | 0.3998 |
20 | −4.6522*** | −14.4616*** | 0.0414 | 2.3383** |