KPSS Tests in Differences - Control Variables
Model 1
Model 2
Model 3
PP Stat p-Value PP Stat p-Value PP Stat p-Value
Industrial Production 1.5563991 0.0608027 0.2297831 0.1000000 0.0564447 0.1
Geopolitical Risk 0.0112220 0.1000000 0.0107665 0.1000000 0.0102688 0.1
One Year Interest 0.0269309 0.1000000 0.0479766 0.1000000 0.0368343 0.1
Ten Year Interest 0.2010990 0.1000000 0.1325718 0.1000000 0.0742101 0.1
REER 0.1065481 0.1000000 0.1167940 0.1000000 0.0903868 0.1
Kilian Index 0.0277213 0.1000000 0.0254693 0.1000000 0.0227695 0.1
US Oil Production 0.4137358 0.1000000 0.5772851 0.0247014 0.0700293 0.1
Model 1: No drift or trend
Model 2: With drift, no trend
Model 3: With drift and trend