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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 2 Results of Pesaran’s CADF test

From: Does globalization accelerate economic growth? South Asian experience using panel data

Variables

Constant

Constant and trend

t bar

P value

t bar

P value

Y

− 3.46***

0.00

− 4.17***

0.00

OG

− 2.55**

0.03

− 2.68

0.19

EG

− 1.61

0.66

− 1.37

0.99

SG

− 1.90

0.39

− 1.81

0.91

PG

− 0.91

0.98

− 1.50

0.98

Y

− 5.82***

0.00

− 5.89***

0.00

∆OG

− 4.03***

0.00

− 4.58***

0.00

∆EGL

− 3.32***

0.00

− 3.58***

0.00

∆SGL

− 4.08***

0.00

− 4.15***

0.00

∆PGL

− 3.92***

0.00

− 4.24***

0.00

  1. The critical value (CV) at %10 is − 2.21; CV5 is − 2.33; CV1 is − 2.55 with constant, while CV10 is − 2.73; CV5 is − 2.84; CV10 is − 3.06 with contend and trend. ** and *** indicate statistical significance at the 5% and 1% levels, respectively