Determinants Of Financial Condition In Malaysia
Table 2:
Variable | Augmented Dickey-Fuller (ADF) Test | Phillips-Perron (PP) Test | ||
Level | ||||
Intercept | Intercept and Trend | Intercept | Intercept and Trend | |
lnKLCI | -0.923 (0) | -1.728 (0) | -1.283 (6) | -2.284 (6) |
MCS | -2.573 (0) | -3.129 (0) | -2.520 (1) | -3.096 (2) |
MOPR | -2.143 (1) | -2.769 (1) | -2.211 (6) | -2.674 (5) |
lnMRM2 | -1.508 (0) | -1.190 (0) | -1.565 (3) | -1.319 (3) |
MTS | -2.652 (0)* | -2.783 (0) | -2.840 (1)* | -3.067 (2) |
USFUND | -1.257 (5) | -1.586 (1) | -3.225 (6)** | -3.478 (1)* |
lnUSTA | -4.955 (7)*** | 0.153 (10) | -3.564 (8)*** | -2.559 (8) |
Variable | First Difference | |||
lnKLCI | -4.716 (12)*** | -5.896(12)*** | -9.317 (5)*** | -9.274 (5)*** |
MCS | -12.106 (0)*** | -12.055(0)*** | -12.207 (5)*** | -12.15 (5)*** |
MOPR | -5.491 (1)*** | -5.545(1)*** | -8.385 (4)*** | -8.428 (4)*** |
lnMRM2 | -9.916 (0)*** | -9.928(0)*** | -9.914 (1)*** | -9.926 (1)*** |
MTS | -9.418 (0)*** | -9.400(0)*** | -9.302 (6)*** | -9.280 (6)*** |
USFUND | -3.820 (4)*** | -6.725(2)*** | -8.562 (3)*** | -9.193 (9)*** |
lnUSTA | -4.591 (9)*** | -5.126(9)*** | -6.710 (15)*** | -6.717 (23)*** |