Research on the Impact of Technological Finance on Financial Stability: Based on the Perspective of High-Quality Economic Growth

Table 9

Stationarity test of the variables.

Variables	LLC	IPS	Test results
X1	1.2133	0.0778	Instationary
M	0.5835	1.9099	Instationary
X2	1.5838	3.8139	Instationary
dX1	−6.8596	−7.6467	Stationary
Dm	−5.4650	−31.9536	Stationary
dx2	−2.6030	−13.2263	Stationary

Note: , and represent, respectively, passing 10%, 5%, and 1% significance level test. The bracketed figure is the Z statistic value.