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Table 12. Thailand. Results of the unit root tests (annual data)




ADF
coefficient (-1)


t-
value



ADF
coefficient (-1)


t-
value

THWHIM

level

-0.32

-2.29

THRIPF

level

-0.43

-3.25


first differences

-1.21

-4.66


first differences

-1.05

-4.75

THMZIM

level

-0.30

-1.86

THRIWS

level

-0.22

-1.99


first differences

-1.70

-5.86


first differences

-0.95

-4.68

THMZEX

level

-0.60

-2.92

THRIRT

level

-0.30

-2.53


first differences

-1.83

-6.42


first differences

-0.84

-3.64

THMZPR

level

-0.40

-3.06

THCSPR

level

-0.92

-3.79


first differences

-1.27

-6.28


first differences



THMZPF

level

-0.41

-2.84

THCSPF

level

-1.24

-4.71


first differences

-1.17

-5.35


first differences

-1.94

-6.81

THMZWS

level

-0.28

-2.55

THBMPF

level

-0.25

-1.85


first differences

-1.06

-5.91


first differences

-0.94

-3.60

THSHPR

level

-0.35

-2.35

THPLPR

level

-0.16

-1.71


first differences

-1.26

-4.47


first differences

-0.98

-4.60

THSHWS

level

-0.28

-2.18

THPLWS

level

-0.31

-2.11


first differences

-1.23

-5.40


first differences

-1.10

-4.14

THRIEX

level

-0.48

-3.49

THPLRT

level

-0.38

-2.35


first differences

-1.15

-5.48


first differences

-1.36

-5.39

THRIPR

level

-0.27

-2.34

THPMPF

level

-0.51

-2.88


first differences

-0.91

-4.43


first differences

-1.37

-4.90

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


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