Table 3 Augmented Dicky Fuller (ADF) unit root test results.
Level | First Difference | |||||||
---|---|---|---|---|---|---|---|---|
Variable | With Intercept | With Intercept and Trend | With Intercept | With Intercept and Trend | ||||
t-Stat | P-Value | t-Stat | P-Value | t-Stat | P-Value | t-Stat | P-Value | |
UE | −1.39 | 0.5756 | −1.90 | 0.6302 | −5.56 | 0.0001 | −5.63 | 0.0004 |
OPN | −1.93 | 0.3107 | −2.60 | 0.2825 | −3.98 | 0.0045 | −3.91 | 0.0237 |
INFL | −6.53 | 0.0000 | −6.64 | 0.0000 | - | - | - | - |
GDPGR | −2.74 | 0.0797 | −3.90 | 0.0248 | - | - | - | - |
OILP | −1.81 | 0.3699 | −2.41 | 0.3694 | −4.20 | 0.0026 | −4.24 | 0.0138 |
FDI | −2.80 | 0.0692 | −3.67 | 0.0404 | - | - | - | - |