Oil shocks and the Economic Growth: A Study for Oil-importing and Exporting Countries in the Time of Covid-19
Table 3.
Results for Canada andVenezuela.
|
| |
Canada |
Venezuela |
|
|
| Single root test |
Significance |
Dickey-Fuller test |
Significance |
Dickey-Fuller test |
|
|
| GDP |
1% level |
-4.22 |
-3.67 |
1% level |
-4.22 |
-4.26 |
|
| Variable test |
5% level |
-3.53 |
5% level |
-3.53 |
|
| 10% level |
-3.20 |
10% level |
-3.20 |
|
| Inflation |
1% level |
-4.27 |
-2.01 |
1% level |
-3.65 |
-2.61 |
|
| Variable test |
5% level |
-3.55 |
5% level |
-2.95 |
|
| 10% level |
-3.21 |
10% level |
-2.61 |
|
| Exchange rate |
1% level |
-2.64 |
-5.27 |
1% level |
-2.64 |
-6,798441 |
|
| Variable test |
5% level |
-1.95 |
5% level |
-1.95 |
|
| 10% level |
-1.61 |
10% level |
-1.61 |
|
| Oil price |
1% level |
-2.63 |
-4.26 |
1% level |
-4.37 |
-3.65 |
|
| Variable test |
5% level |
-1.95 |
5% level |
-3.60 |
|
| 10% level |
-1.61 |
10% level |
-3.23 |
|
| wages |
1% level |
-2.63 |
-4.34 |
1% level |
-2.63 |
-4.34 |
|
| Variable test |
5% level |
-1.95 |
5% level |
-1.95 |
|
| 10% level |
-1.61 |
10% level |
-1.61 |
|
| Covid deaths |
1% level |
-7.61 |
-7.12 |
1% level |
-5.64 |
-4.53 |
|
| Variable test |
5% level |
-6.94 |
5% level |
-4.66 |
|
| 10% level |
-6.60 |
10% level |
-4.11 |
|
|
|
|
