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Financial Innovation

Table 2 Unit root and stationarity tests results

From: Toward a sustainable growth path in Arab economies: an extension of classical growth model

 

FPKPSS stationarity test

 

CIPS unit root test

Variables

Level

First difference

Level

First difference

lngdp

3.459*

1.143

− 2.052

− 3.509*

lncrd

5.811*

1.625

− 2.110

− 4.571*

lnsav

3.832*

-0.679

− 1.909

− 4.367*

lnexp

14.57*

0.496

− 1.701

− 4.480*

lnlab

21.66*

1.212

− 1.888

− 2.921*

  1. *Indicates the rejection of the null hypothesis at a 1% significance level. The null hypothesis of the FPKPSS test is stationarity
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