Appendix 6 Results of unit root tests1 for white teff prices spreads among different markets
Spread |
Level |
First Differences | ||
ADF |
PP |
ADF |
PP | |
Addis - Bako |
-2.58c |
-2.02 |
-9.08a |
-11.23a |
Addis - Bahir Dar |
-1.57 |
-1.50 |
-8.02a |
-13.19a |
Dire Dawa - Addis |
-4.61a |
-5.92a |
-11.14a |
-17.69a |
Dire Dawa - Bako |
-3.37b |
-2.61c |
-9.59a |
-13.48a |
Dire Dawa - Bahir Dar |
-2.33 |
-2.23 |
-9.41a |
-15.66a |
Dire Dawa - Hosaenna |
-2.98b |
-2.81c |
-9.69a |
-14.18a |
Addis - Hosaenna |
-2.45 |
-2.42 |
-8.50a |
-13.21a |
Mekele - Addis |
-2.09 |
-1.81 |
-5.52a |
-b 6.34a |
Mekele - Bako |
-1.69 |
-1.26 |
-6.06a |
-6.34a |
Mekele - Bahir Dar |
-1.62 |
-1.13 |
-4.85a |
-5.31a |
Mekele - Hosaenna |
-1.27 |
-1.03 |
-5.40a |
-6.67a__________ |
Note 1The unit root tests are conducted for three time periods: period I is from 1987:07 to 1991:03, period II is
from 1991:04 to 1996:06 while the whole series is from 1987:07 to 1996:06.
Note: a, b, and c indicate statistical significance at a probability of less than 1%, 5% and 10% respectively.
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