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Oil shocks and the Economic Growth: A Study for Oil-importing and Exporting Countries in the Time of Covid-19
Universal Journal of Business and Management
| Vol 1, Issue 1
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 | |||