|
| Linear test |
| Nonlinear test |
Lags | ADF t-Stat | PP Adj. t-Stat | KPSS Adj. t-Stat | KSS t-Stat |
5 | −7.2758*** | −16.3478*** | 0.0260 | −5.01902*** |
10 | −6.2166*** | −16.5218*** | 0.0344 | −2.08615** |
20 | −3.9557*** | −17.5037*** | 0.0555 | 0.08891 |