Table 8.

Panel unit root test results

	CADF		CIPS
	I(0)	I(1)	I(0)	I(1)
lnACO2	−1.564	−3.786***	−1.406	−4.750***
lnATECH	−2.139	−3.420***	−2.215	−4.662***
lnACRD	−1.877	−3.116***	−1.014	−4.657***
lnAGRW	−0.968	−3.465***	−2.228	−7.596***
lnAEMP	−2.258	−2.554***	−1.438	−3.706***
lnINT	−2.295	−2.375***	−2.312	−3.354***

*** p < 0.01, ** p < 0.05, * p < 0.10