Influence of Exchange Rate on Foreign Direct Investment Inflows: An Empirical Analysis Based on Co-Integration and Granger Causality Test

Table 2

ADF test.

Variables	ADF test (P)	Stationarity
lnUSAFDI	0.2514	Unsteady
lnUSDCNY	0.0034	Steady
lnBSGDP	0.6178	Unsteady
lnTMX	0.9949	Unsteady
DlnUSAFDI	0.0007	Steady
DlnUSDCNY	0.0004	Steady
DlnBSGDP	0.0033	Steady
DlnTMX	≤0.001	Steady