Table 5.
Unit root test results.
| Variables | T-Statistic | Prob.∗ | 1 % level | 5 % level | 10 % level |
|---|---|---|---|---|---|
| At Level (Lag Length: 0) | |||||
| Exchange Rate | −10.50 | 0.000 | −3.47 | −2.88 | −2.58 |
| FDI | −2.29 | 0.18 | −3.47 | −2.88 | −2.58 |
| Stock Market Return | −11.80 | 0.000 | −3.47 | −2.88 | −2.58 |
| Energy (Fuel Price) | −1.97 | 0.30 | −3.47 | −2.88 | −2.58 |
| Remittance | −0.80 | 0.82 | −3.47 | −2.88 | −2.58 |
| Inflation | −0.51 | 0.01 | −3.47 | −2.88 | −2.58 |
| At First Difference | |||||
| FDI | −11.78 | 0.00 | −3.47 | −2.88 | −2.58 |
| Energy (Fuel Price) | −8.64 | 0.00 | −3.47 | −2.88 | −2.58 |
| Remittance | −17.55 | 0.00 | −3.47 | −2.88 | −2.58 |
Source: Author's Estimates