Economic Impact of Some Determinant Factors of Nigerian Inflation Rate

Table 20.

Real Income Unit Root Test at Level

Null Hypothesis: REAL_INC has a unit root

 

Exogenous: Constant

 

 

Lag Length: 2 (Automatic - based on AIC, maxlag=9)

 

 

 

 

 

 

 

 

 

 

 

 

 

t-Statistic

  Prob.*

 

 

 

 

 

 

 

 

 

 

Augmented Dickey-Fuller test statistic

-0.612232

 0.8576

Test critical values:

1% level

 

-3.584743

 

 

5% level

 

-2.928142

 

 

10% level

 

-2.602225

 

 

 

 

 

 

 

 

 

 

 

*MacKinnon (1996) one-sided p-values.