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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)
  1. Note: The descriptions of the variables appear under Table 1. The numbers in parentheses are p-values