Table 2 Model with linear time trend and possible breaks in the intercept and slope
Break 1 | Break 2 | DF-GLS | \(MZ_{\alpha }^{GLS}\) | M S B GLS | \(MZ_{t}^{GLS}\) | |
|---|---|---|---|---|---|---|
P w | 2009–2008 | 2002–2011 | −2.731 | −20.589 | 0.142 | −2.924 |
Critical values (5%) | −3.858 | −30.164 | 0.128 | −3.858 | ||
P d | 2008–2008 | 2003–2011 | −1.728 | −8.267 | 0.201 | −1.665 |
Critical values (5%) | −3.861 | −30.209 | 0.128 | −3.861 |