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The results of unit root test
| Variables | DF-GLS (ERS) | Order of integration (I) | |
|---|---|---|---|
| Level | 1st Diff | ||
| LNLEX | -1.951a | -2.889c | I(1) |
| LNGLOB | -0.773 | -2.931c | I(1) |
| LNRE | -0.063 | -2.573b | I(1) |
| LNNRE | -1.071 | -2.924c | I(1) |
| LNICT | -0.619 | -3.056c | I(1) |
| LNGDPC | -0.103 | -3.942c | I(1) |
| LNEDU | -1.422 | -4.492c | I(1) |
| LNFD | -1.261 | -5.264c | I(1) |
(a, b and c stipulate statistical significance, respectively, at 10%, 5% and 1% levels; H0: The variable has a unit root, and H1: Rejects H0)
