Variable | CIPS (No Trend) | CIPS (with Trend) | Determination |
---|---|---|---|
(I/Y)it | − 0.761 (0.027) | −2.039 (0.021) | I (1) |
(S/Y)it | 1.552 (0.940) | 0.590 (0.722) | I (1) |
∆(I/Y)it | −8.199a(0.000) | −10.421a(0.000) | I (0) |
∆(S/Y)it | −3.966a(0.000) | −6.275a(0.000) | I (0) |