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Oil shocks and the Economic Growth: A Study for Oil-importing and Exporting Countries in the Time of Covid-19
Universal Journal of Business and Management
| Vol 1, Issue 1
Table 5. Results for USA and China.
| USA | China | |||||
| Single root test | Significance | Dickey-Fuller test | Significance | Dickey-Fuller test | ||
| GDP | 1% level | -4.22 | -4.66 | 1% level | -4.23 | -4.00 |
| Variable test | 5% level | -3.53 | 5% level | -3.54 | ||
| 10% level | -3.20 | 10% level | -3.20 | |||
| Inflation | 1% level | -2.63 | -1.02 | 1% level | -2.63 | -3.31 |
| Variable test | 5% level | -1.95 | 5% level | -1.95 | ||
| 10% level | -1.61 | 10% level | -1.61 | |||
| Exchange rate | 1% level | -4.39 | -4.77 | 1% level | ||
| Variable test | 5% level | -3.61 | 5% level | |||
| 10% level | -3.24 | 10% level | ||||
| Oil price | 1% level | -4.27 | -2.79 | 1% level | -2.63 | -4.52 |
| Variable test | 5% level | -3.55 | 5% level | -1.95 | ||
| 10% level | -3.21 | 10% level | -1.61 | |||
| wages | 1% level | -2.63 | -4.34 | 1% level | -2.63 | -4.34 |
| Variable test | 5% level | -1.95 | 5% level | -1.95 | ||
| 10% level | -1.61 | 10% level | -1.61 | |||
| Covid deaths | 1% level | -7.11 | -6.97 | 1% level | -8.21 | -7.99 |
| Variable test | 5% level | -6.94 | 5% level | -7.53 | ||
| 10% level | -6.60 | 10% level | -7.19 | |||