Table 3 ADF Unit Root
Level | First difference | |||
|---|---|---|---|---|
Coefficient | PV | Coefficient | PV | |
MVAIC | 61.3 | 0.000 | 82.148 | 0.000 |
CEE | 46.856 | 0.000 | 71.627 | 0.000 |
HCE | 32.618 | 0.000 | 77.333 | 0.000 |
SCE | 43.556 | 0.000 | 69.6 | 0.000 |
RCE | 29.492 | 0.000 | 96.396 | 0.000 |
FS | 27.777 | 0.000 | 29.401 | 0.000 |
CEOD | 84.946 | 0.000 | 99.351 | 0.000 |
FA | 36.834 | 0.000 | 57.867 | 0.000 |
ROA | 68.316 | 0.000 | 74.473 | 0.000 |
LEV | 44.244 | 0.000 | 68.4265 | 0.000 |