Interrelationship dynamics between stock markets of nation under debt crisis and its major trading partners: evidence from Sri Lankan crisis

Future Business Journal

Table 2 Results of unit root test

S. No.	Variable	ADF test				PP test
		Level		First difference		Level		First difference
		t-statistic	Prob	t-statistic	Prob	t-statistic	Prob	t-statistic	Prob
1	CSE_P	− 1.4618	0.8421	− 25.9926	0.000	− 1.5628	0.8071	− 30.1095	0.000
2	SSE_P	− 2.3131	0.4260	− 37.9973	0.000	− 2.3396	0.4115	− 37.9983	0.000
3	SEN_P	− 1.9717	0.6157	− 15.5523	0.000	− 1.9108	0.6483	− 38.0988	0.000
4	DFM_P	− 1.1624	0.9165	− 33.8433	0.000	− 1.2246	0.9043	− 34.1136	0.000
5	MLY_P	− 3.0231	0.1261	− 37.2971	0.000	− 3.3301	0.0618	− 37.5167	0.000
6	STI_P	− 2.1305	0.5277	− 25.0237	0.000	− 2.4576	0.3495	− 39.1213	0.000
7	SPX_P	− 2.5556	0.3011	− 11.5988	0.000	− 2.4075	0.3754	− 43.8438	0.000
8	UKX_P	− 2.5209	0.3178	− 39.0233	0.000	− 2.5407	0.3082	− 39.0312	0.000
9	DAX_P	− 2.5032	0.3265	− 38.8588	0.000	− 2.6196	0.2715	− 38.8585	0.000
10	FTSEMIB_P	− 2.4744	0.3409	− 39.2525	0.000	− 2.7823	0.2041	− 39.3894	0.000