Model 1 |
Model 2 |
Model 3 |
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|---|---|---|---|---|---|---|
| PP Stat | p-Value | PP Stat | p-Value | PP Stat | p-Value | |
| Industrial Production | 0.3206246 | 0.7629453 | -6.0647979 | 0.3987170 | -10.272012 | 0.4457272 |
| Geopolitical Risk | -10.7081367 | 0.0235734 | -82.1404974 | 0.0100000 | -82.490783 | 0.0100000 |
| One Year Interest | -25.9608011 | 0.0100000 | -28.3939553 | 0.0100000 | -54.435696 | 0.0100000 |
| Ten Year Interest | -2.1332819 | 0.3947701 | -5.2874490 | 0.4444703 | -13.781393 | 0.2883206 |
| REER | 0.1607997 | 0.7273496 | -4.5703434 | 0.4866778 | -4.853120 | 0.8175315 |
| Kilian Index | -20.6120045 | 0.0100000 | -20.7094123 | 0.0100000 | -21.368125 | 0.0501746 |
| US Oil Production | 0.0710064 | 0.7073511 | 0.7773504 | 0.9830439 | -3.398301 | 0.9163517 |
| Model 1: No drift or trend Model 2: With drift, no trend Model 3: With drift and trend |
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