From: Financial innovation and economic growth in Bangladesh
Variables | Augmented Dickey-Fuller test statistic | Phillips-Perron test statistic | Integration (I) | ||
---|---|---|---|---|---|
At level | 1st diff | At level | 1st diff | ||
ln (M2/M1 | −1.78 (0.11) | −4.78 (0.01) | −0.10 (0.22)** | −2.10 (0.02)** | I (1) |
lnDCB | −0.63 (0.84) | −4.51 (0.00)** | −0.59 (0.85) | −4.57 (0.00)** | I (1) |
lnTO | −1.36 (0.58) | −4.68 (0.00)** | −1.32 (0.60) | −4.88 (0.00)* | I (1) |
lnGDPPC | −1.99 (0.28) | −5.95 (0.00)* | −1.95 (0.30) | −6.29 (0.00)* | I (1) |
lnGEXP | −3.33 (0.24) | −3.85 (0.00)* | −3.38 (0.21) | −5.14 (0.00)* | I (1) |
lnGCF | −2.36 (0.16) | −3.14 (0.03)** | −2.19 (0.21) | −3.04 (0.04)** | I (1) |
lnCPI | −3.51 (0.01)** |  |  | −3.49 (0.01)** | I (0) |