Financial Innovation

Table 2 Zivot and Andrews test for unit roots with one structural break

From: Savings, investment, and growth in Nepal: an empirical analysis

Variables	Tα	Year of break	Result
GPC	−3.0269	2001	Unit root
GDS	−5.0269	1997	Unit root
INV	−3.6305	2005	Unit root

Note: The lag order is determined by the Schwarz information criterion (SIC). GPC, GDS, and INV stand for real GDP per capita, gross domestic savings, and investment, respectively. The null hypotheses of the ADF and PP tests refer to the existence of a unit root

Back to article page