From: The impact of maritime transport financing on total trade in South Africa
Variable | ADF | PP | GF-GLS | |||
---|---|---|---|---|---|---|
Level | 1st diff | Level | 1st diff | Level | 1st diff | |
TRADE | − 2.89 | − 5.23*** | − 2.91 | − 8.99** | − 2.99 | − 5.62*** |
MTF | − 2.03 | − 5.37*** | − 2.05 | − 5.38** | − 2.19 | − 5.61*** |
B_FRD | − 1.99 | − 4.83*** | − 1.99 | − 4.83*** | − 2.06 | − 5.06*** |
G_CRS | − 3.27 | − 4.44*** | − 3.15 | − 4.39*** | − 3.43 | − 4.66*** |
L_RATE | − 3.30 | − 4.50*** | − 2.37 | − 4.51*** | − 3.39 | − 4.22** |