| ADF test | Level | 1st difference | Results | (C, T, K) | DW-stat | t-statistic | (C, T, K) | DW-stat | t-statistic | UR | LNy | (0, 0, 2) | 1.961 | 2.409 | (C, 0, 1) | 1.948 | −3.042b | I (1) |
| FDC | LNx11 | (C, 0, 2) | 2.065 | 3.288 | (0, 0, 1) | 2.131 | −2.016b | I (1) | LNx12 | (0, 0, 1) | 1.826 | −0.876 | (0, 0, 2) | 1.851 | −1.715 | I (2) | LNx13 | (C, T, 1) | 2.030 | −2.261 | (C, 0, 1) | 1.935 | −4.728a | I (1) | LNx14 | (C, 0, 1) | 1.902 | −2.522 | (C, T, 1) | 1.927 | −4.731a | I (1) |
| MLC | LNx21 | (0, 0, 1) | 1.993 | 1.516 | (0, 0, 1) | 1.976 | −1.643 | I (2) | LNx22 | (C, 0, 2) | 1.958 | −2.351 | (0, 0, 1) | 1.952 | −1.938 | I (2) | LNx23 | (C, 0, 1) | 2.039 | −2.191 | (0, 0, 1) | 2.161 | −2.136b | I (1) |
| LRC | LNx31 | (C, T, 1) | 1.922 | −2.679 | (C, 0, 1) | 1.950 | −4.252a | I (1) | LNx32 | (C, T, 1) | 2.007 | −2.596 | (C, 0, 1) | 1.945 | 22122.573 | I (2) | LNx33 | (C, 0, 1) | 2.050 | −1.295 | (0, 0, 2) | 1.938 | −1.068 | I (2) |
| MTC | LNx41 | (C, T, 3) | 2.150 | −3.099 | (C, T, 1) | 2.018 | −4.784a | I (1) | LNx42 | (C, T, 1) | 1.947 | −2.486 | (C, 0, 1) | 2.054 | −3.940a | I (1) | LNx43 | (0, 0, 3) | 2.012 | 1.945 | (0, 0, 1) | 2.095 | −1.398 | I (2) |
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