| 变量 | 水平值方程 | 一阶差分方程 | ||||||
| Levin-Lin | IPS | Fisher-ADF | Fisher-PP | Levin-Lin | IPS | Fisher-ADF | Fisher-PP | |
| lnhp | −2.5 (0.01) | −0.1 (0.46) | 66.3 (0.33) | 86.2 (0.02) | −21.8 (0.00) | −4.7 (0.00) | 135.8 (0.00) | 241.6 (0.00) |
| lncc | −9.5 (0.00) | −2.5 (0.01) | 109.9 (0.00) | 124.7 (0.00) | −65.9 (0.00) | −11.1 (0.00) | 175.0 (0.00) | 300.6 (0.00) |
| lnlc | −2.3 (0.01) | −0.6 (0.27) | 77.8 (0.06) | 117.8 (0.00) | −38.4 (0.00) | −5.4 (0.00) | 152.3 (0.00) | 318.5 (0.00) |
| lnpi | −16.8 (0.00) | −3.1 (0.00) | 105.7 (0.00) | 83.6 (0.03) | −17.8 (0.00) | −3.4 (0.00) | 146.9 (0.00) | 161.4 (0.00) |
| lnpd | 0.3 (0.63) | 0.2 (0.59) | 72.3 (0.17) | 57.7 (0.63) | −24.2 (0.00) | −8.5 (0.00) | 187.4 (0.00) | 208.5 (0.00) |
| lnr1 | −15.1 (0.00) | −3.7 (0.00) | 103.7 (0.00) | 46.1 (0.93) | −10.1 (0.00) | −0.6 (0.29) | 72.2 (0.18) | 172.5 (0.00) |
| lnr2 | −17.9 (0.00) | −5.6 (0.00) | 137.1 (0.00) | 53.3 (0.78) | −2.8 (0.00) | −0.2 (0.44) | 61.3 (0.50) | 139.4 (0.00) |