Variables | Level form I(0) | First difference I(1) | Results | ||
---|---|---|---|---|---|
t-statistics | Break points | t-statistics | Break points | ||
lnQ | − 4.5913 [6] | 2000–2010 | − 4.3056 [8] | 2000–2007 | I(1) |
lninflow | − 11.118 [6]a | 1994–2009 | − 9.1377 [5]a | 1993–1999 | I(0) |
lnoutflow | − 11.826 [5]a | 1995–2003 | − 15.425 [7]a | 1994–2004 | I(0) |
lnL | − 9.5718 [8]a | 2003–2011 | − 11.637 [1]a | 1993–2010 | I(0) |
lnK | − 4.6835 [4] | 1996–2004 | − 6.5194 [2]b | 2006–2012 | I(1) |
lnPcrd | − 3.4053 [2] | 2005–2012 | − 8.8050 [7]a | 2004–2007 | I(1) |
lntrade | − 7.2328 [6]a | 1994–2003 | − 8.0427 [6]a | 2002–2014 | I(0) |