Table 4 Pesaran [38] panel unit root test
From: Debt sustainability and the fiscal reaction function: evidence from MIST countries
Variables | CIPS stat. level | P value | CIPS stat. first diff | P value | Order of integration |
|---|---|---|---|---|---|
PB | − 1.615 | 0.053 | − 5.314 | 0.000*** | I(1) |
CGD | 0.214 | 0.585 | − 4.143 | 0.000*** | I(1) |
INTP | − 3.336 | 0.000*** | – | – | I(0) |
YVAR | 1.115 | 0.868 | − 4.111 | 0.000*** | I(1) |
CAB | − 4.290 | 0.000*** | – | – | I(0) |