Table 2 Results of Levin et al.’s (2002) unit root test (common root)
From: Effect of interest rate on economic performance: evidence from Islamic and non-Islamic economies
Variable | Islamic countries | Non-Islamic countries | ||||
|---|---|---|---|---|---|---|
Individual intercept | Individual intercept and trend | None | Individual intercept | Individual intercept and trend | None | |
GDPdef | −3.249 | −5.294 | −1.331 | −7.379 | −10.935 | −2.801 |
(0.000) | (0.000) | (0.092) | (0.000) | (0.000) | (0.002) | |
GDS | −3.535 | −9.072 | −1.900 | −3.067 | −8.423 | −787 |
(0.000) | (0.000) | (0.028) | (0.001) | (0.000) | (0.216) | |
GCF | −6.207 | −15.287 | 0.455 | −4.245 | −5.050 | 1.147 |
(0.000) | (0.000) | (0.675) | (0.000) | (0.000) | (0.874) | |
RIR | −4.478 | −5.318 | −1.962 | −12.570 | −17.968 | −3.759 |
(0.000) | (0.000) | (0.024) | (0.000) | (0.000) | (0.000) | |
T | −4.563 | −7.432 | −0.356 | −5.706 | −48.383 | 1.052 |
(0.000) | (0.000) | (0.361) | (0.000) | (0.000) | (0.853) | |
DCBS | −5.905 | −3.792 | 0.631 | −2.456 | −10.384 | 1.765 |
(0.000) | (0.000) | (0.736) | (0.007) | (0.000) | (0.961) | |
GNE | 0.327 | −2.224 | −1.732 | −4.529 | −4.487 | 4.509 |
(0.628) | (0.013) | (0.010) | (0.000) | (0.000) | (0.800) | |
PRR | −4.325 | −29.221 | 2.510 | −3.023 | −10.182 | −0.359 |
(0.000) | (0.000) | (0.994) | (0.001) | (0.000) | (0.359) | |
GPCC | −3.590 | −5.286 | 3.450 | −1.904 | −4.779 | 3.791 |
(0.000) | (0.000) | (0.999) | (0.028) | (0.000) | (0.999) | |