Determinants of Household Savings in India: An Empirical Analysis Using ARDL Approach

Table 1

Results of unit root test.

Variables	Level	First difference	Inference
HSAV	−2.79	−7.98^∗	𝐼(1)
GDP	−1.34	−5.92^∗	𝐼(1)
WTH	−1.82	−10.67^∗	𝐼(1)
DEP	−3.14^∗	—	𝐼(0)
INT	−4.39^∗	—	𝐼(0)
INF	−4.59^∗	—	𝐼(0)
GFD	−2.51	−6.79^∗	𝐼(1)
INCT	−1.60	−6.50^∗	𝐼(1)
AGRGDP	−2.98	−8.05^∗	𝐼(1)
NTOT	−4.36^∗	—	𝐼(0)

Note: “∗” denotes significance at 1 percent level.