| 变量 | ADF统计量 | ADF检验 | ||
| t值 | 1% | 5% | 10% | |
| lnFM | −0.6111 | −2.66 | −1.95 | −1.60 |
| dlnFM | −5.4342 | −4.38 | −3.60 | −3.24 |
| lnPDR | −0.2483 | −2.66 | −1.95 | −1.60 |
| dlnPDR | −2.0946 | −2.66 | −1.95 | −1.60 |
| lnFS | −1.8895 | −2.66 | −1.95 | −1.60 |
| dlnFS | −2.2609 | −2.66 | −1.95 | −1.60 |
| lnPDI | −0.2483 | −2.66 | −1.95 | −1.60 |
| dlnPDI | −2.0946 | −2.66 | −1.95 | −1.60 |
| lnES | −1.8343 | −3.75 | −3.00 | −2.63 |
| dlnES | −3.4175 | −3.75 | −3.00 | −2.63 |
| lnNAR | −3.2003 | −3.75 | −3.00 | −2.63 |
| dlnNAR | −3.7413 | −4.38 | −3.60 | −3.24 |
| lnLP | −0.3086 | −3.75 | −3.00 | −2.63 |
| dlnLP | −3.6965 | −4.38 | −3.60 | −3.24 |