Tables 14 Units root test of panel data
From: Do remittances promote financial development in Africa?
Variable | ADF | PP |
|---|---|---|
(a) Unit root tests at levels | ||
CRD | 188.046 [0.0000***] | 147.063 [0.0001***] |
BDP | 74.7735[0.9611] | 108.266 [0.2247] |
M2 | 102.197[0.8432] | 79.8639[0.8760] |
REM | 110.473 [0.1519] | 115.876 [0.0818*] |
PCGDP | 24.8632 [1.0000] | 16.1173 [1.0000] |
LOGGDP | 12.3640 [1.0000] | 17.723 [1.0000] |
INF | 382.192 [0.0000***] | 421.447 [0.0000***] |
FDI | 257.796 [0.0000***] | 241.607 [0.0000***] |
EXP | 138.533 [0.0044***] | 126.6071 [0.0275**] |
(b)Unit root tests at First Differencing | ||
BDP | 610.372 [0.0000***] | 731.285 [0.0000***] |
M2 | 514.287 [0.0000***] | 647.593 [0.0000***] |
REM | 469.343 [0.0000***] | 708.781 [0.0000***] |
PCGDP | 332.315 [0.0000***] | 431.134 [0.0000***] |
LOGGDP | 435.274 [0.0000***] | 476.631 [0.0000***] |