Public expenditure series

Null Hypothesis: D(Govt) has a unit root

Exogenous: Constant

Lag Length: 0 (Automatic—based on SIC, maxlag = 7)

t-Statistic

Prob.*

Augmented Dickey-Fuller test statistic

−5.4120387

0.0003

Test critical values:

1% level

−2.645201

5% level

−2.421302

10% level

−2.621489