Science – Society – Technology
Table 2 Panel unit root test results
Level | LLC | IPS | ||
|---|---|---|---|---|
t-statistics | Prob | t-statistics | Prob | |
lnFD | −2.306** | 0.010 | −2.209** | 0.013 |
lnGDP | −0.691 | 0.755 | −3.697*** | 0.000 |
lnGEO | −6.483*** | 0.000 | −8.624*** | 0.000 |
lnWIND | −1.814** | 0.034 | −7.035*** | 0.000 |
Diff. values | ||||
∆lnFD | −20.470*** | 0.000 | −18.170*** | 0.000 |
∆lnGDP | −17.609*** | 0.000 | −14.712*** | 0.000 |
∆lnGEO | −27.100*** | 0.000 | −27.481*** | 0.000 |
∆lnWIND | −13.140*** | 0.000 | −20.564*** | 0.000 |