Table 1(a) Null Hypothes is: LNGDP has a unit root Exogenous: Constant Lag Length: 1 (Autom atic - based on AIC, maxlag=9) t-Statistic Prob.* Augmented Dickey-Fuller test statis tic Test critical values: 0.115497 -3.610453 0.9630 1% level 5% level -2.938987 10% level -2.607932 *MacKinnon (1996) one-sided p-values. Table 1(b) Null Hypothes is: D(LNGDP) has a unit root Exogenous: Constant Lag Length: 0 (Autom atic based on AIC, maxlag%39) t-Statistic Prob.* Augmented Dickey-Fuller test statis tic Test critical values: -5.325446 0.0001 1% level -3.610453 5% level -2.938987 10% level -2.607932 *MacKinnon (1996) one-sided p-values.

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Explain the hypothesis result base of the result of unit root test in table( a )and table( b) below.

Table 1(a)
Null Hypothes is: LNGDP has a unit root
Exogenous: Constant
Lag Length: 1 (Autom atic - based on AIC, maxlag=9)
t-Statistic
Prob.*
Augmented Dickey-Fuller test statis tic
Test critical values:
0.115497
0.9630
1% level
-3.610453
5% level
-2.938987
10% level
-2.607932
*MacKinnon (1996) one-sided p-values.
Table 1(b)
Null Hypothes is: D(LNGDP) has a unit root
Exogenous: Constant
Lag Length: 0 (Autom atic based on AIC, maxlag39)
t-Statistic
Prob.*
Augmented Dickey-Fuller test statis tic
Test critical values:
-5.325446
0.0001
1% level
-3.610453
5% level
-2.938987
10% level
-2.607932
*MacKinnon (1996) one-sided p-values.
Transcribed Image Text:Table 1(a) Null Hypothes is: LNGDP has a unit root Exogenous: Constant Lag Length: 1 (Autom atic - based on AIC, maxlag=9) t-Statistic Prob.* Augmented Dickey-Fuller test statis tic Test critical values: 0.115497 0.9630 1% level -3.610453 5% level -2.938987 10% level -2.607932 *MacKinnon (1996) one-sided p-values. Table 1(b) Null Hypothes is: D(LNGDP) has a unit root Exogenous: Constant Lag Length: 0 (Autom atic based on AIC, maxlag39) t-Statistic Prob.* Augmented Dickey-Fuller test statis tic Test critical values: -5.325446 0.0001 1% level -3.610453 5% level -2.938987 10% level -2.607932 *MacKinnon (1996) one-sided p-values.
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