Variables | Type (C, T) | ADF values | Critical value at 1 % significance level | Critical value at 5 % significance level | Critical value at 10 % significance level | P values | Conclusion |
---|---|---|---|---|---|---|---|
R ER | (1,0) | −26.6842 | −3.4392 | −2.8653 | −2.5688 | 0.0000 | Smooth |
R SH | (1,0) | −27.0766 | −3.4392 | −2.8653 | −2.5688 | 0.0000 | Smooth |
R ER | (1,1) | −21.1644 | −3.9708 | −3.4161 | −3.1303 | 0.0000 | Smooth |
R SH | (1,1) | −27.2565 | −3.9708 | −3.4160 | −3.1303 | 0.0000 | Smooth |