| 变量 | ADF值 | 10%临界值 | 5%临界值 | 1%临界值 | p值 | 检验类型 | 结果 |
| Y | −2.688 | −3.287 | −3.691 | −4.572 | 0.252 | (C,T,0) | 不平稳 |
| Y | 1.831 | −2.667 | −3.052 | −3.887 | 0.999 | (C,0,0) | 不平稳 |
| Y | −4.489 | −1.607 | −1.961 | −2.699 | 1.000 | (0,0,0) | 不平稳 |
| Y | −6.197 | −3.298 | −3.710 | −4.616 | 0.0006 | (C,T,1) | 平稳 |
| X1 | −1.532 | −3.287 | −3.691 | −4.572 | 0.779 | (C,T,0) | 不平稳 |
| X1 | 2.635 | −2.661 | −3.040 | −3.857 | 0.9999 | (C,0,0) | 不平稳 |
| X1 | 10.359 | −1.607 | −1.961 | −2.699 | 1.000 | (0,0,0) | 不平稳 |
| X1 | −4.933 | −3.298 | −3.710 | −4.616 | 0.006 | (C,T,1) | 平稳 |
| X2 | −1.761 | −3.287 | −3.691 | −4.572 | 0.681 | (C,T,0) | 不平稳 |
| X2 | −1.059 | −2.661 | −3.040 | −3.857 | 0.708 | (C,0,0) | 不平稳 |
| X2 | 3.850 | −1.607 | −1.961 | −2.699 | 0.9997 | (0,0,0) | 不平稳 |
| X2 | −4.442 | −3.310 | −−3.733 | −4.668 | 0.015 | (C,T,1) | 平稳 |
| X3 | −2.449 | −3.287 | −3.691 | −4.572 | 0.346 | (C,T,0) | 不平稳 |
| X3 | −1.993 | −2.661 | −3.040 | −3.857 | 0.287 | (C,0,0) | 不平稳 |
| X3 | −0.863 | −1.607 | −1.961 | −2.699 | 0.328 | (0,0,0) | 不平稳 |
| X3 | −4.165 | −3.298 | −3.710 | −4.616 | 0.023 | (C,T,1) | 平稳 |