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

Table 6

ADF test.

Variables	ADF test (P)	Stationarity
lnUSAFDI	0.2514	Unsteady
lnUSDCNY	0.0034	Steady
lnWAGE	0.9946	Unsteady
lnGDPX	0.0037	Steady
lnFGDPX	0.9383	Unsteady
lnTMX	0.9949	Unsteady
lnBSGDP	0.6178	Unsteady
DlnUSAFDI	0.0007	Steady
DlnUSDCNY	0.0004	Steady
DlnWAGE	0.0387	Steady
DlnGDPX	0.0009	Steady
DlnFGDPX	0.0001	Steady
DlnTMX	≤0.001	Steady
DlnBSGDP	0.0033	Steady