| 变量 | t统计量值 | 1% t值 | 5% t值 | 10% t值 | P值 | 结论 |
| lnX1t | −2.593871 | −4.309824 | −3.5742442 | −3.221728 | 0.2854 | 非平稳 |
| lnX2t | −2.235641 | −3.670170 | −2.963972 | −2.621007 | 0.1986 | 非平稳 |
| lnX3t | −3.069797 | −3.670170 | −2.963972 | −2.621007 | 0.0398 | 非平稳 |
| lnX4t | −1.686428 | −3.670170 | −2.963972 | −2.621007 | 0.4276 | 非平稳 |
| lnX5t | −0.2808657 | −4.339330 | −3.587527 | −3.229230 | 0.2064 | 非平稳 |
| lnYt | −2.235641 | −3.621007 | −2.963972 | −2.621007 | 0.1986 | 非平稳 |
| DlnX1t | −5.841272 | −2.647120 | −1.952901 | −1.610011 | 0.0000 | 平稳 |
| DlnX2t | −4.342977 | −2.650145 | −1.953381 | −1.609798 | 0.0001 | 平稳 |
| DlnX3t | −5.783482 | −2.647120 | −1.952901 | −1.610011 | 0.0000 | 平稳 |
| DlnX4t | −3.979146 | −3.679322 | −2.967767 | −622989 | 0.0048 | 平稳 |
| DlnX5t | −3.734762 | −3.679322 | −2.967767 | −2.622989 | 0.0088 | 平稳 |
| DlnYt | −4.342977 | −2.650145 | −1.953381 | −1.609798 | 0.0001 | 平稳 |