Financial Innovation

Table 4 Unit root test results

From: Evaluating the exchange rate and commodity price nexus in Malaysia: evidence from the threshold cointegration approach

Variable	ZA			Perron
	Levels		First difference	Levels			First difference
	Statistics	Break Date	Statistics	Break Date	Statistics	Break Date	Statistics	Break Date
NER	−3.065	1997 M11	−16.677*	1998 M02	−2.872	1997 M08	−18.800*	1998 M01
OP	−4.057	2014 M05	−10.379*	2008 M07	−4.167	2014 M05	− 16.386*	2008 M10
PO	−3.995	2006 M07	−12.091*	2001 M03	−3.989	2006 M06	−12.626*	2008 M10
RUB	−3.224	2003 M08	−10.011*	2011 M03	−3.199	2003 M07	−10.266*	2008 M11
NG	−4.035	2014 M05	−10.248*	2012 M08	−4.035	2014 M05	−16.092*	2009 M04

Note * and ** represent 1% and 5% significance level

Back to article page