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Table 1 Unit root test for stationary process.

From: Do capital inflows affect domestic bank credit? Empirical evidence from India

 

ADF

ADF-S

PP

KPSS

Variables

I(0)

I(1)

I(0)

I(1)

I(0)

I(1)

I(0)

I(1)

LnBcredit

− 1.390

(− 1.579)

− 2.606*

(− 2.579)

− 3.783

(− 4.193)

2003− Q4

− 4.562**

(− 4.193)

− 1.686

(− 2.579)

− 2.606*

(− 2.579)

1.331

(0.347)

0.417**

0.463

LnFDI

− 3.213*

(− 3.148)

− 

− 16.765***

(− 4.607)

− 5.942***

(− 3.148)

0.233

(0.216)

0.116*

(0.119)

LnFPI

− 7.680***

(-2.579)

− 10.385***

(-4.193)

− 7.285***

(-2.579)

0.208*

(0.347)

-

LnLoan

− 6.929***

(− 2.579)

–7.581***

(− 4.193)

− 7.085***

(− 2.579)

0.353**

(0.463)

LnCAB

− 7.339***

(-3.148)

− 10.181***

(− 4.193)

− 7.470

(− 3.148)

0.068***

(0.119)

LnREER

− 3.652**

(− 3.148)

− 4.703*

(− 4.607)

− 3.555**

(− 3.148)

0.097*

(0.119)

  1. ***, ** and * indicate data series are stationary at 1%, 5% and 10% significance level, respectively, and ADF-S denotes the ADF with structural break