Statistical Analysis of the Influence of Sino-U.S. Minimum Wages on Employment
Table 3
Unit root stability ADF test.
Variable
Inspection form
Statistic
Critical value
Conclusion
(C,0,1)
−1.6269
−2.7138
−5.3413
−5.2201
1.66
Not smooth
(C,t,0)
−0.9760
−2.8525
−3.8290
−2.7221
0.93
Not smooth
(C,0,0)
−0.5769
−3.1199
−5.7110
−5.6241
1.68
Not smooth
(C,t,0)
−1.2192
−3.8290
−4.8393
−4.7089
0.84
Not smooth
△
(0,0,0)
−1.6193
−1.6029
−5.3491
−5.3087
1.61
Smooth
△
(C,t,2)
−6.2370
−5.2954
−4.1885
−4.0372
2.36
Smooth
△
(C,0,0)
−2.9243
−2.7138
−5.5890
−5.5082
1.91
Smooth
△
(0,0,2)
−2.1000
−1.9740
−5.2901
−5.2497
1.78
Smooth
Notes: 1. △ represents first-order difference. 2. In the test type, c, t, n, respectively, represent the constant term, the linear trend, and the lag order. 3. ,,, respectively, represent the critical value at 1%, 5%, and 10%.
