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Table 7 CSD and unit rot tests outcomes

From: The role of natural resources in financial expansion: evidence from Central Asia

Variable

CSDbp

CSDlm

CSDp

CADF (Level)

CADF (First difference)

FE

78.703***

15.363***

8.100***

− 1.417

− 3.005***

LNR

64.927***

12.282***

5.670***

− 0.730

− 3.401***

YL

233.320***

49.936***

15.270***

− 1.774

− 3.271***

HD

211.607***

45.081***

14.490***

− 1.357

− 3.136***

INQ

62.500***

11.739***

1.850*

− 2.038

− 4.298***

  1. *, **, *** refers that there is significance at the 10%, 5%, 1% levels