Economic Impact of Some Determinant Factors of Nigerian Inflation Rate

Table 21.

Real Income Unit Root Test at First Difference

Null Hypothesis: D(REAL_INC) has a unit root

Exogenous: Constant

 

 

Lag Length: 1 (Automatic - based on AIC, maxlag=9)

 

 

 

 

 

 

 

 

 

 

 

 

 

t-Statistic

  Prob.*

 

 

 

 

 

 

 

 

 

 

Augmented Dickey-Fuller test statistic

-9.696681

 0.0000

Test critical values:

1% level

 

-3.584743

 

 

5% level

 

-2.928142

 

 

10% level

 

-2.602225

 

 

 

 

 

 

 

 

 

 

 

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