Table 1 The results of ADF test
gN
t-Stat.
Prob.
VolN
t-Stat.
Prob.
gN_Total
-4.4540
0.0004
VolN_Total
-4.4155
0.0004
gN_SMetro
-6.7637
0.0000
VolN_SMetro
-6.1524
0.0000
gN_5Cities
-4.5882
0.0002
VolN_5Cities
-3.1563
0.0248
gN_NMetro
-4.8718
0.0001
VolN_NMetro
-2.9208
0.0455
We reported the results estimated by using the formular which has only intercept in test equation.
Null hypothesis: gN has a unit root or VolN has a unit root.