Table I: Unit Root Tests
Levels |
First Differences | |||
Variables |
ADF statistic |
Critical value (1%) |
ADF statistic |
Critical value (1%) |
yt - it - gt |
-0.6394 |
-2.6090 |
-10.1113 |
-2.6090 |
ct |
0.0477 |
-2.6090 |
-9.2887 |
-2.6090 |
qt - it - gt |
-1.7729 |
-2.6090 |
-10.7964 |
-2.6090 |
cat |
-7.8787 |
-2.6090 |
21
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