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Table 3 Stationarity tests

From: Macroeconomic effects of Mobile money: evidence from Uganda

Variable

DFGLS Unit Roost Test Statics

Order of Integration

In levels

In first differences

LMMB

−1.065

−10.172***

I(1)

LMMVT

−0.873

− 11.961***

I(1)

LM2

−1.558

−3.471***

I(1)

LCPI

−1.322

−6.322***

I(1)

TBR

−2.233

−5.451***

I(1)

LPSC

−0.505

−8.866***

I(1)

LCIEA

−2.462

− 6.314***

I(1)

  1. Notes: *** indicate significance of the Elliott–Rothenberg–Stock DFGLS test statistic at the 1% level