| Series | ADF | PP | Order of Integration | ||||
|---|---|---|---|---|---|---|---|
| Level | First Diff. | Level | First Diff. | ||||
| Rgdp | 2.301 | -4.032*** | 1.639 | -3.990* | I(1) | ||
| Gfcf | -0.641 | -3.748*** | -1.201 | -3.944 | I(1) | ||
| Lab | 24.872*** | 1.239 | 20.644*** | 1.603 | I(0) | ||
| Fdept | -2.845* | -5.491*** | -2.621* | -10.131*** | I(0) | ||
| Edu | 0.439 | -4.729*** | 0.232 | -3.397*** | I(1) | ||
| Agricp_v | -2.342 | -6.660*** | -0.312 | -6.658*** | I(1) | ||
| Inst | -1.708 | -16.217*** | -4.043*** | -17.096*** | I(1) | ||
| Test Critical Values: | |||||||
| - | Level | First Diff. | |||||
| 1 per cent | -3.6210 | -3.6268 | |||||
| 5 per cent | -2.9434 | -2.9458 | |||||
| 10 per cent | -2.6102 | -2.6115 | |||||