Table 8 Unit root tests results for the variables used in the extensions and robustness check
SRISK_LOW | SRISK_HIGH | IMAPP_BORROWER | IMAPP_FI | OFR | OFR_LOW | OFR_HIGH | PC_REA | |
|---|---|---|---|---|---|---|---|---|
ADF | I(0)*** | I(0)*** | I(0)*** | I(1)*** | I(1)*** | I(1)*** | I(0)*** | I(0)*** |
DF GLS | I(0)*** | I(0)*** | I(0)*** | I(1)*** | I(1)*** | I(1)*** | I(0)*** | I(0)*** |
Phillips-Perron | I(0)*** | I(0)*** | I(0)*** | I(0)*** | I(0)*** | I(0)*** | I(0)*** | I(0)*** |
KPSS | I(0)*** | I(0)*** | I(0)*** | I(1)*** | I(0)*** | I(0)*** | I(0)*** | I(0)*** |
Elliott-Rothenberg-Stock | I(1)*** | I(1)*** | I(1)*** | I(0)*** | I(0)*** | I(0)*** | I(1)*** | I(0)*** |