Null Hypothesis: LNINN has a unit root

Exogenous: None

Lag Length: 0 (Automatic - based on SIC, maxlag=4)

t-Statistic

  Prob.*

Augmented Dickey-Fuller test statistic

4.746095

1.0000

Test critical values:

1% level

-2.685718

5% level

-1.959071

10% level

-1.607456

*MacKinnon (1996) one-sided p-values.

Augmented Dickey-Fuller Test Equation

Dependent Variable: D(LNINN)

Method: Least Squares

Date: 12/12/12   Time: 21:11

Sample (adjusted): 1992 2011

Included observations: 20 after adjustments

Variable

Coefficient

Std. Error

t-Statistic

Prob.  

LNINN(-1)

0.038391

0.008089

4.746095

0.0001

R-squared

-0.001966

    Mean dependent var

0.213022

Adjusted R-squared

-0.001966

    S.D. dependent var

0.200363

S.E. of regression

0.200560

    Akaike info criterion

-0.326702

Sum squared resid

0.764260

    Schwarz criterion

-0.276915

Log likelihood

4.267021

    Hannan-Quinn criter.

-0.316983

Durbin-Watson stat

2.389578