Table 5:
Unit root test for residuals.
Model
Variables
Level
Order of integration
1
Error term 1
−10.145*
I
2
Error term 2
−10.073*
I
3
Error term 3
−9.926*
I
4
Error term 4
−10.734*
I
5
Error term 5
−10.324*
I
6
Error term 6
−10.776*
I
*,**, ** are significant at one percent, five percent, and ten percent level.