Table 4 Breakpoint Augmented Dicky Fuller (ADF) unit root test results.
Variable | Level | First Difference | |||||||
|---|---|---|---|---|---|---|---|---|---|
With Intercept | With Intercept and Trend | With Intercept | |||||||
t-Stat | Break-Date | P-Value | t-Stat | Break-Date | P-Value | t-Stat | Break-Date | P-Value | |
UE | −3.28 | 2020Q1 | 0.8109 | −15.82 | 2020Q1 | <0.01 | −11.67 | 2020Q2 | <0.01 |
OPN | −4.79 | 2023Q2 | 0.0600 | −5.27 | 2023Q2 | 0.0390 | - | - | - |
INFL | −8.31 | 2020Q2 | <0.01 | −7.98 | 2020Q2 | <0.01 | - | - | - |
GDPGR | −4.75 | 2020Q1 | 0.0682 | −6.02 | 2020Q1 | <0.01 | - | - | - |
OILP | −4.87 | 2023Q3 | 0.0491 | −6.18 | 2022Q4 | <0.01 | - | - | - |
FDI | −4.32 | 2019Q4 | 0.201 | −4.99 | 2019Q4 | 0.0785 | - | - | - |