Augmented Dickey-Fuller test statistic

Variable

Order of difference

t-Statistic

Prob.*

L C T i , t

0

−0.227

0.935

1

−4.956

0.000

C M D i , t

0

−2.349

0.157

1

−5.694

0.000

R D P r o p o r t i o n i , t

0

−2.302

0.171

1

−10.492

0.000