Table 3 Unit root tests results
From: Industrial output growth and foreign direct investment in Nigeria
UNIT ROOT TEST | ADF T-STATISTICS | ORDER OF INTEGRATION | PROB. VALUE |
|---|---|---|---|
Industrial Output (IDT) | −5.8682 | I(0) | 0.0000 |
Foreign Direct Investment (FDI) | −6.9108 | I(0) | 0.0000 |
Exchange Rate (EXR) | −5.6475 | I(1) | 0.0000 |
Inflation Rate (INF) | −4.5208 | I(1) | 0.0014 |
Trade Openness (TOP) | −5.6295 | I(0) | 0.0000 |
Gross Capital Formation (GCF) | −8.9938 | I(0) | 0.0000 |
Labour Participation Rate (LPR) | −5.7269 | I(1) | 0.0000 |