Null Hypothesis D (CZZC) has a unit root

Exogenous: Constant

Lag Length: 0 (Automatic-based on SIC, maxlag = 1)

t-Statistic

Prob.^*

Augmented Dickey-Fuller test statistic

−5,627,587

0.0098

Test critical values:

1% level

−5,604,618

5% level

−3.694851

10% level

−2.982813

Null Hypothesis: D (XF) has a unit root

Exogenous: Constant

Lag Length: 1 (Automatic-based on SIC, maxlag = 1)

t-Statistic

Prob.^*

Augmented Dickey-Fuller test statistic

−5,376,873

0.0190

Test critical values

1% level

−6,423,637

5% level

−3.984991

10% level

−3.120686