Countries | Variables | At level | At first difference | ||||||
---|---|---|---|---|---|---|---|---|---|
ADF | DF-GLS | PP | KPSS | ADF | DF-GLS | PP | KPSS | ||
Brazil | LGDP | − 3.3939 (0)* | − 1.8728 (0) | − 3.3855 (3)* | 0.8022 (3)*** | − 4.7558 (0)*** | − 2.2785 (1)** | − 4.7003 (2)*** | 0.2139 (0) |
LEC | − 1.6069 (0) | − 1.5446 (0) | − 2.0561 (3) | 0.1540 (3)** | − 5.5424 (0)*** | − 5.4056 (0)*** | − 5.5424 (0)*** | 0.1317 (2) | |
LCO2 | − 2.1627 (2) | − 2.5969 (2) | − 2.2599 (3) | 0.1193 (3)* | − 4.7184 (0)*** | − 2.6677 (1)*** | − 4.7184 (0)*** | 0.0974 (3) | |
India | LGDP | − 1.3653 (0) | − 0.5646 (0) | − 1.3299 (3) | 0.2185 (2)*** | − 7.9501 (0)*** | − 3.7990 (0)*** | − 7.9501 (0)*** | 0.0410 (3) |
LEC | − 0.2063 (0) | − 1.3863 (3) | − 0.3839 (3) | 0.1728 (3)** | − 6.1489 (0)*** | − 4.2217 (0)*** | − 6.2067 (3)*** | 0.0811 (3) | |
LCO2 | − 1.8144 (0) | − 1.7373 (0) | − 2.0078 (3) | 0.8395 (5)*** | − 6.3012 (0)*** | − 6.1957 (0)*** | − 6.3295 (3)*** | 0.2011 (0) | |
Indonesia | LGDP | − 2.5628 (1) | − 2.3342 (1) | − 2.1648 (1) | 1.1831 (3)*** | − 4.8001 (0)*** | − 4.8759 (0)*** | − 4.7678 (2)*** | 0.1354 (1) |
LEC | − 1.2409 (0) | − 1.4495 (0) | − 1.2409 (0) | 1.1781 (3)*** | − 6.6338 (0)*** | − 6.5387 (0)*** | − 6.6734 (4)*** | 0.1645 (0) | |
LCO2 | − 3.7588 (1)** | − 2.3167 (2) | − 2.9585 (3) | 1.4971 (2)*** | − 6.0189 (1)*** | − 5.9762 (1)*** | − 6.0182 (3)*** | 0.2978 (3) | |
Mexico | LGDP | − 2.8202 (0) | − 1.9435 (0) | − 2.8974 (2) | 0.7749 (2)*** | − 5.3440 (0)*** | − 4.6491 (0)*** | − 5.3012 (3)*** | 0.2574 (0) |
LEC | − 2.6150 (0) | − 1.1455 (0) | − 2.5758 (1) | 0.6575 (3)** | − 5.1826 (0)*** | − 5.1506 (0)*** | − 5.1826 (0)*** | 0.1108 (1) | |
LCO2 | − 2.2049 (0) | − 1.4732 (0) | − 2.1412 (1) | 0.5729 (3)** | − 7.8209 (0)*** | − 7.0476 (0)*** | − 7.7964 (1)*** | 0.0709 (0) | |
People’s Republic of China | LGDP | − 3.1892 (1) | − 1.5464 (1) | − 3.6616 (3)* | 0.1815 (2)** | − 4.3604 (0)*** | − 4.1830 (0)*** | − 4.3309 (3)*** | 0.1215 (2)* |
LEC | − 1.3500 (1) | − 1.4611 (1) | − 0.8771 (3) | 0.1855 (3)** | − 3.7419 (0)** | − 3.8233 (0)*** | − 3.7255 (1)** | 0.0819 (3) | |
LCO2 | − 2.2675 (1) | − 2.3137 (1) | − 1.5660 (3) | 0.1484 (2)** | − 3.4145 (0)** | − 3.4539 (0)*** | − 3.4620 (1)** | 0.1172 (0) | |
Russia | LGDP | − 3.1829 (1) | − 2.1944 (1) | − 3.4788 (2) | 0.5752 (3)** | − 2.4446 (0)** | − 2.2988 (0)** | − 2.3641 (1)** | 0.3231 (2) |
LEC | − 4.0600 (0)** | − 2.5831 (0) | − 4.7772 (2) | 0.1674 (2)** | − 3.3568 (0)* | − 2.9837 (0)*** | − 3.3568 (2)* | 0.3821 (2)* | |
LCO2 | − 3.9379 (0)** | − 2.5851 (0) | − 3.9379 (2)** | 0.1689 (0)** | − 3.3132 (0)* | − 2.9842 (0)*** | − 3.3132 (0)* | 0.3598 (2)* | |
Turkey | LGDP | − 2.2229 (0) | − 2.3089 (0) | − 2.3966 (1) | 0.9429 (2) *** | − 4.8594 (3)*** | − 5.0686 (0)*** | − 6.8309 (3)*** | 0.0866 (2) |
LEC | − 2.9710 (0) | − 2.4336 (0) | − 3.0543 (1) | 0.9327 (3)*** | − 6.6989 (0)*** | − 5.5857 (0)*** | − 6.7042 (3)*** | 0.1314 (3) | |
LCO2 | − 2.9952 (0) | − 1.7598 (0) | − 2.9864 (3) | 0.9260 (3)*** | − 6.6613 (0)*** | − 4.3947 (0)*** | − 6.6666 (3)*** | 0.1299 (5) |