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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