Table A8. Indonesia. Results of the unit root tests (annual data)

		ADF coefficient (-1)	t- value			ADF coefficient (-1)	t- value
ISBMIM	level	-0.17	-1.45	ISMZPF	level	-0.24	-2.59
	first differences	-1.66	-6.59		first difference	-1.06	-4.40
ISBMPF	level	-0.12	-1.50	ISCSPR	level	-0.88	-3.23
	first differences	-0.85	-5.71		first difference	-1.62	-4.63
ISPMIM	level	-0.48	-2.81	ISCSPF	level	-0.31	-2.39
	first differences	-1.45	-5.67		first difference	-1.67	-5.60
ISPMPF	level	-0.13	-1.69	ISSYIM	level	-0.36	-3.05
	first differences	-0.60	-2.55		first difference	-1.50	-9.09
ISPLIM	level	-0.34	-1.73	ISSYEX	level	-0.23	-1.42
	first differences	-1.68	-4.86		first difference	-1.79	-5.76
ISPLPF	level	-0.12	-1.23	ISSYPR	level	-0.39	-1.64
	first differences	-1.23	-5.13		first difference	-1.64	-4.37
ISRIIM	level	-0.29	-2.50	ISSYPF	level	-0.24	-2.73
	first differences	-1.45	-5.90		first difference	-1.21	-5.33
ISRIPF	level	-0.16	-1.83	ISMPIM	level	-0.30	-2.17
	first differences	-0.94	-3.11		first difference	-1.13	-4.56
ISMZIM	level	-0.29	-2.50
	first differences	-1.45	-5.90

see Table 1 for variables' names
Bold = significantly different from zero at 5% or less
source: own calculation on ESCB price data