Table 1 Augmented Dickey-Fuller test for unit root with constant.
From: Do institutions matter in the fiscal reaction function? The case of Egypt
Variables | Level | 1st Difference | Order of Integration |
|---|---|---|---|
Primary balance-To-GDP | −3.74*** | I(0) | |
Debt-To-GDP | −2.95*** | I(0) | |
Output gap | −4.19*** | I(0) | |
Real interest rate | −2.35** | I(0) | |
Current account balance (%) | −2.54*** | I(0) | |
Nominal exchange rate | 0.14 | −4.09*** | I(1) |
Control of corruption | −1.57 | −4.86*** | I(1) |
Government effectiveness | −2.96*** | I(0) | |
Political stability | −2.66*** | I(0) | |
Regulatory quality | −2.04** | I(0) | |
Rule of law | −1.97** | I(0) | |
Voice and accountability | −1.20 | −5.65*** | I(1) |
IQI | −2.85*** | I(0) |
