KPSS Tests in Levels - Control Variables
Model 1
Model 2
Model 3
PP Stat p-Value PP Stat p-Value PP Stat p-Value
Industrial Production 0.3992910 0.1000000 0.0699014 0.1000000 0.0398167 0.1000000
Geopolitical Risk 3.3940566 0.0100000 0.1088261 0.1000000 0.1066762 0.1000000
One Year Interest 2.1371627 0.0244613 0.9122297 0.0100000 0.1481623 0.0481981
Ten Year Interest 0.1511213 0.1000000 0.1737692 0.1000000 0.1701853 0.0298456
REER 0.1240778 0.1000000 0.1632687 0.1000000 0.1276073 0.0840606
Kilian Index 0.1585246 0.1000000 0.1138247 0.1000000 0.0707280 0.1000000
US Oil Production 0.5368207 0.1000000 0.5363068 0.0334895 0.1170795 0.1000000
Model 1: No drift or trend
Model 2: With drift, no trend
Model 3: With drift and trend