Evaluation of Hot Money Drivers in China: A Structural VAR Approach

Table 2

Unit root test.

Series	z	Constant, trend, and lags	Stationary
P	−3.49	(C, 0, 3)	Yes
Y	−4.78	(C, t, 1)	Yes
DAR	−11.02	(C, 0, 2)	Yes
EER	−13.80	(C, 0, 0)	Yes
HM	−4.30	(C, 0, 2)	Yes
VIX	−4.62	(C, 0, 0)	Yes
FAR	−9.60	(C, 0, 0)	Yes