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Table 2 Augmented Dickey-Fuller test results for unit roots

From: Do migrant remittances matter for financial development in Kenya?

Variable

At level

At first difference

Order of integration

RGDP

−4.92

–

I(0)

CRED

−3.13

−5.10

I(1)

DEPGDP

−3.20

−7.44

I(1)

TOPEN

−3.59

–

I(0)

ER

−3.48

− 5.62

I(1)

Lending

−1.665

−5.884

I(1)

INT

−1.22

−3.64

I(1)

CPI

−2.78

−4.64

I(1)

REM

−2.82

−11.66

I(1)

  1. RGDP real GDP; Cred private sector credit as a share of GDP, Depgdp bank deposits as a share of GDP, Int deposit interest rate, CPI inflation, ER Exchange rate, Topen trade openness, Rem total remittances, Lending lending interest rates