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Table 1 Unit root estimation

From: Does financial depth impact economic growth in North Cyprus?

Variables

ADF

PP

ln DEPt

− 1.8441 (9)

− 0.0610 (8)

∆ln DEPt

−3.8655c (8)

− 4.8303c (9)

ln GNPpt

−0.7834 (5)

−0.5785 (6)

∆ln GNPpt

− 3.9116c (4)

−5.4984c (11)

INFt

− 1.0721 (6)

− 1.9830c (1)

∆ INFt

−6.7518c (5)

− 7.7174c (5)

  1. Note:c, b and adenote the significance at 1, 5 and 10% level, respectively. The Schwarz information criterion was utilised to select the optimal lag, while the Newey-West Bartlett kernel was utilised to determine the bandwidths for PP