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Future Business Journal

Table 4 CIPS stationarity test

From: Banking sector development and environmental degradation in the Economic Community of West African States: do technology effects matter?

 

lnED

lnBSD

lnP

lnA

lnT

lnBSD × lnT

Levels

− 2.480***

− 2.696***

− 3.568***

− 1.300

− 2.289**

− 2.584***

1st difference

   

− 4.016***

  
  1. *** and ** indicate CIPS statistic > critical value at 1%, 5%, and 10% levels, respectively. H0 (homogeneous non-stationary): bi = 0 for all i
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