This is a data analysis result from stata on a time series data from 1970 2017. Can you please help me interpret this result?

UNIT ROOT TEST TABLE (PP)

At Level

CBAG DCPG DMBA FSDG LLGP PCMG PSCG TGDP

With Constant t-Statistic -2.6375 -0.9072 0.4703 1.1620 1.0904 0.4243 0.4243 -2.0442

Prob. 0.0928 0.7774 0.9839 0.9975 0.9969 0.9820 0.9820 0.2677

* n0 n0 n0 n0 n0 n0 n0

With Constant & Trend t-Statistic -2.6027 -2.1939 -1.7046 -0.9585 -0.8961 -1.8214 -1.8214 -3.1687

Prob. 0.2810 0.4818 0.7335 0.9400 0.9479 0.6784 0.6784 0.1032

n0 n0 n0 n0 n0 n0 n0 n0

Without Constant & Trend t-Statistic -1.2867 0.1214 1.5022 2.4601 2.3918 1.4494 1.4494 -0.8251

Prob. 0.1801 0.7162 0.9654 0.9961 0.9953 0.9616 0.9616 0.3532

n0 n0 n0 n0 n0 n0 n0 n0

At First Difference

d(CBAG) d(DCPG) d(DMBA) d(FSDG) d(LLGP) d(PCMG) d(PSCG) d(TGDP)

With Constant t-Statistic -5.0141 -7.7988 -2.6049 -4.1493 -5.1613 -3.2377 -3.2377 -7.3404

Prob. 0.0001 0.0000 0.0993 0.0021 0.0001 0.0240 0.0240 0.0000

*** *** * *** *** ** ** ***

With Constant & Trend t-Statistic -4.9309 -8.0969 -2.4105 -4.3271 -5.4852 -3.2228 -3.2228 -7.2856

Prob. 0.0012 0.0000 0.3696 0.0066 0.0002 0.0927 0.0927 0.0000

*** *** n0 *** *** * * ***

Without Constant & Trend t-Statistic -5.1121 -7.8959 -2.6714 -3.9216 -4.8474 -3.3258 -3.3258 -7.4297

Prob. 0.0000 0.0000 0.0086 0.0002 0.0000 0.0014 0.0014 0.0000

*** *** *** *** *** *** *** ***

UNIT ROOT TEST TABLE (ADF)

At Level

CBAG DCPG DMBA FSDG LLGP PCMG PSCG TGDP

With Constant t-Statistic -3.4510 -0.9567 -0.1585 0.3328 0.4897 0.4825 0.4825 -2.0773

Prob. 0.0141 0.7610 0.9362 0.9776 0.9846 0.9843 0.9843 0.2545

** n0 n0 n0 n0 n0 n0 n0

With Constant & Trend t-Statistic -3.4160 -2.3625 -2.1416 -1.4414 -0.8529 -2.7449 -2.7449 -3.1766

Prob. 0.0617 0.3936 0.5094 0.8350 0.9528 0.2246 0.2246 0.1015

* n0 n0 n0 n0 n0 n0 n0

Without Constant & Trend t-Statistic -1.6876 -0.0795 0.6570 1.2948 1.5574 1.1831 1.1831 -0.8345

Prob. 0.0863 0.6510 0.8544 0.9485 0.9689 0.9369 0.9369 0.3491

* n0 n0 n0 n0 n0 n0 n0

At First Difference

d(CBAG) d(DCPG) d(DMBA) d(FSDG) d(LLGP) d(PCMG) d(PSCG) d(TGDP)

With Constant t-Statistic -5.5871 -7.8132 -3.6242 -4.2130 -5.1498 -4.8149 -4.8149 -7.3404

Prob. 0.0000 0.0000 0.0090 0.0017 0.0001 0.0003 0.0003 0.0000

*** *** *** *** *** *** *** ***

With Constant & Trend t-Statistic -5.5272 -8.0969 -3.9353 -4.5272 -5.5900 -5.9008 -5.9008 -7.2621

Prob. 0.0002 0.0000 0.0184 0.0039 0.0002 0.0001 0.0001 0.0000

*** *** ** *** *** *** *** ***

Without Constant & Trend t-Statistic -5.6532 -7.9139 -3.4993 -3.9707 -4.8685 -4.6798 -4.6798 -7.4297

Prob. 0.0000 0.0000 0.0008 0.0002 0.0000 0.0000 0.0000 0.0000

*** *** *** *** *** *** *** ***

Notes: (*)Significant at the 10%; (**)Significant at the 5%; (***) Significant at the 1%. and (no) Not Significant

*MacKinnon (1996) one-sided p-values.

This Result is The Out-Put of Program Has Developed By:

Dr. Imadeddin AlMosabbeh

College of Business and Economics

Qassim University-KSA

summarize

Variable | Obs Mean Std. Dev. Min Max -------------+--------------------------------------------------------- pscg | 48 6.322695 5.162863 .866146 17.8538 dmba | 48 10.99412 8.36797 2.42369 27.6628 var3 | 48 43.39698 20.01532 17.6942 78.8905 llgp | 48 15.57407 7.41712 6.3387 32.0569 cbag | 48 11.95264 7.578797 6.12624 44.789 -------------+--------------------------------------------------------- fsdg | 48 10.73737 6.635263 2.81967 25.5153 pcmg | 48 6.322695 5.162863 .866146 17.8538 dcpg | 48 8.602618 5.00248 1.54227 15.882 tgdp | 48 14.16125 4.787675 4.02 22.05

. summarize

Variable | Obs Mean Std. Dev. Min > Max -------------+----------------------------------------------- > ---------- year | 48 1993.5 14 1970 > 2017 pscg | 48 6.322695 5.162863 .866146 > 17.8538 dmba | 48 10.99412 8.36797 2.42369 > 27.6628 llgp | 48 15.57407 7.41712 6.3387 > 32.0569 cbag | 48 11.95264 7.578797 6.12624 > 44.789 -------------+--------------------------------------------------------- fsdg | 48 10.73737 6.635263 2.81967 25.5153 pcmg | 48 6.322695 5.162863 .866146 17.8538 dcpg | 48 8.602618 5.00248 1.54227 15.882 tgdp | 48 14.16125 4.787675 4.02

. regress tgdp pscg fsdg cbag dcpg

Source | SS df MS Number of obs = 48 -------------+---------------------------------- F(4, 43) = 20.46 Model | 706.20969 4 176.552422 Prob > F = 0.0000 Residual | 371.116597 43 8.63061854 R-squared = 0.6555 -------------+---------------------------------- Adj R-squared = 0.6235 Total | 1077.32629 47 22.9218359 Root MSE = 2.9378

------------------------------------------------------------------------------ tgdp | Coef. Std. Err. t P>|t| [95% Conf. Interval] -------------+---------------------------------------------------------------- pscg | -1.017296 .4589732 -2.22 0.032 -1.942904 -.091688 fsdg | .2970342 .2904832 1.02 0.0312 -.2887809 .8828494 cbag | -.0889264 .0672396 -1.32 0.019 -.2245279 .0466751 dcpg | 1.374163 .2366577 5.81 0.000 .8968969 1.851428 _cons | 6.645444 1.491825 4.45 0.000 3.636891 9.653996 -------

estat vif

Variable | VIF 1/VIF -------------+---------------------- pscg | 3.058 0.32703 fsdg | 2.023 0.49429 dcpg | 7.63 0.131018 cbag | 1.41 0.707121 -------------+---------------------- Mean VIF | 3.53

. estat bgodfrey

Breusch-Godfrey LM test for autocorrelation ------------------------------------------------------------- > -------------- lags(p) | chi2 df > Prob > chi2 -------------+----------------------------------------------- > -------------- 1 | 5.333 1 > 0.00209 ------------------------------------------------------------- > -------------- H0: no serial correlation

estat dwatson

Durbin-Watson d-statistic( 5, 48) = 1.292207

estat vce, correlation

Correlation matrix of coefficients of regress model

e(V) | pscg fsdg cbag dcpg -------------+---------------------------------------- pscg | 1.0000 fsdg | -0.8773 1.0000 cbag | 0.0932 0.1601 1.0000 dcpg | -0.6074 0.1954 -0.4752 1.0000 _cons | 0.6677 -0.7372 -0.4062 -0.3356

e(V) | _cons -------------+---------- _cons | 1.0000

.

11 VA Aa sex, x' AYA- AaBBCOAaBbccc Aabbcc AaBbcd AaB Aalboet date 1 Normal 1 No Spac. Heading 1 Heading 2 Title Font Paragraph Styles YEAR PSCG DMBA 1970 5.27543 8.55216 1971 6.5674 8.9462 1972 6.98991 9.04406 1973 4.4005 7.8137 1974 3.04215 6.9704 1975 3.48398 7.64254 1976 3.42794 7.76192 1977 3.28573 7.76975 1978 2.01615 4.80601 1979 1.71328 4.42613 1980 1.31459 3.78413 1981 1.11064 3.53001 1982 0.947378 3.33176 1983 0.866146 2.97515 1984 1.05456 2.42369 1985 1.52133 2.82234 1986 1.75474 2.95607 1987 1.85215 2.81006 1988 1.76867 2.49921 1989 2.52484 3.28869 1990 2.92544 3,73919 1991 2.30566 3.08814 1992 2.37203 3.54915 1993 2.70545 3.77627 1934 2.69854 3.1584 1995 2.77281 3.08123 1996 2.92859 3.39348 1997 4.19289 6.3593 LLGP 11.6051 11.9467 13.1811 13.2359 12.1647 14.3948 16.1423 16.8824 12.1405 12.3277 10.3227 9.63154 8.75796 7.43371 6.3387 7.25457 7.0359 7.59998 8.14542 8.86481 8.44269 8.09437 9.95365 11.1622 11.3282 11 362 11.1067 12.8972 CBAG FSDG PCMG DCPG 9.93573 7.2348 5.27543 8.25144 11.0616 7.74191 6.5674 12.584 10.8448 8.52214 6.98991 10.0604 8.06936 8.55191 4.4005 5.34333 7.59301 7.78136 3.04215 5.67682 15.64 10.2021 9.02277 3.48398 5.7844 12.4471 9.99086 3.42794 5.9027 14.62 14.4548 10.0581 3.28573 5.01836 15.52 10.9661 6.85398 2.01615 3.52116 5.21 11.7141 6.60561 1.71328 2.81836 5.1 9.59452 5.31587 1.31459 2.19262 5.44 9.07677 4.76985 1.11064 1.84738 8.82468 4.42683 0.947378 1.80235 402 8.2582 3.69037 0.866146 1.54227 446 8.03583 2.81967 1.05456 2.20941 9.32103 3.26792 1.52133 3.1084 9.54174 3.24263 1.75474 3.62811 11.9875 3.42335 1.85215 3.15416 11.6253 3.51758 1.76867 3.13928 12:29 9.11805 4.65089 252484 5.84457 7.78469 5.30045 2.92544 4.9287 10 7.72091 5.58645 2.30566 3.65734 8.92216 6.94389 2.37203 4.94193 1077 11.2656 7.72031 2-70545 4 ASIB 11.15 11.5385 7.8513 2.69854 5.25003 10.7579 302283 2.27281 S07356 9.14422 752933 2.92359 6.00500 15 2.56366 3.93653 892216 11.2656 11.535 10 192 993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2006 2006 2007 2008 2009 2010 2011 237205 2.70545 2.69854 2.77281 2.92859 4.13289 5.10266 6.30885 7.1527 6.87238 6.48745 6.70315 7.12366 9.39105 9.68207 11.6626 13.5645 14.809 13.TH2 13,0947 3.54915 3.37627 3.1584 3.08123 3.39348 6.35938 9,834 13.147 15.0248 15.4968 14.6596 14.0217 14.0704 15.1514 17.0148 19.4404 21.2719 237632 23.9024 22.195 9.95355 11.1622 11.378 11.852 11.1067 12.8972 13.665 13.5701 14.2649 14.7569 15.7534 17.2365 18.0185 17.1 18.491 215206 23.8335 26.32.11 26.5755 27.2552 9.14422 855366 23.4425 40.3579 44.789 24.459 20.2723 20.7531 7.9202 B. 358 7.61585 4595 9.84401 2549 6.57501 6.12624 5.94389 7.72031 7513 8.02283 T52988 8.98658 9.61691 9.22574 87669 9.40852 10.805 11.7646 12.2436 12.3286 13.4194 16.3099 18.5568 207958 20.7339 21.24D 237203 2.70545 36995 2.2281 292859 4.137 5.10266 6.30885 7.162/ 6.87238 6.48745 6.70315 J12366 3.29105 9.68207 11.6386 13.5645 14.809 13.82 13.0947 4.94 193 4.83818 5.25000 5.07356 6.DD508 81959 9.3585 12.5621 13.9715 11.24 12.1495 12.493 13.125 15.5411 11.0916 14.4884 15,882 15.6581 15.2997 15.0501 A. 12.0 102 17.5 182 202 24.0 20.25 139 5.4 2012 2013 2014 U 2016 2017 12.1926 ,1439 16.219 17.8432 17.7557 15.9367 22.72 240S 26.4205 27,602 27.32 25,421 27.5758 27.2919 28.9599 31.3344 92059 30.9237 681527 B. 124 11.143 11382 9.bol1- 278199 21.4475 21.2217 22,861 24.9293 25.5153 2.6232 13.1928 14.1439 10.219 17,538 177552 15.933 15. 5448 17.89 145165 15.241 15.JPG 13. ESTE: . IG -- 11 VA Aa sex, x' AYA- AaBBCOAaBbccc Aabbcc AaBbcd AaB Aalboet date 1 Normal 1 No Spac. Heading 1 Heading 2 Title Font Paragraph Styles YEAR PSCG DMBA 1970 5.27543 8.55216 1971 6.5674 8.9462 1972 6.98991 9.04406 1973 4.4005 7.8137 1974 3.04215 6.9704 1975 3.48398 7.64254 1976 3.42794 7.76192 1977 3.28573 7.76975 1978 2.01615 4.80601 1979 1.71328 4.42613 1980 1.31459 3.78413 1981 1.11064 3.53001 1982 0.947378 3.33176 1983 0.866146 2.97515 1984 1.05456 2.42369 1985 1.52133 2.82234 1986 1.75474 2.95607 1987 1.85215 2.81006 1988 1.76867 2.49921 1989 2.52484 3.28869 1990 2.92544 3,73919 1991 2.30566 3.08814 1992 2.37203 3.54915 1993 2.70545 3.77627 1934 2.69854 3.1584 1995 2.77281 3.08123 1996 2.92859 3.39348 1997 4.19289 6.3593 LLGP 11.6051 11.9467 13.1811 13.2359 12.1647 14.3948 16.1423 16.8824 12.1405 12.3277 10.3227 9.63154 8.75796 7.43371 6.3387 7.25457 7.0359 7.59998 8.14542 8.86481 8.44269 8.09437 9.95365 11.1622 11.3282 11 362 11.1067 12.8972 CBAG FSDG PCMG DCPG 9.93573 7.2348 5.27543 8.25144 11.0616 7.74191 6.5674 12.584 10.8448 8.52214 6.98991 10.0604 8.06936 8.55191 4.4005 5.34333 7.59301 7.78136 3.04215 5.67682 15.64 10.2021 9.02277 3.48398 5.7844 12.4471 9.99086 3.42794 5.9027 14.62 14.4548 10.0581 3.28573 5.01836 15.52 10.9661 6.85398 2.01615 3.52116 5.21 11.7141 6.60561 1.71328 2.81836 5.1 9.59452 5.31587 1.31459 2.19262 5.44 9.07677 4.76985 1.11064 1.84738 8.82468 4.42683 0.947378 1.80235 402 8.2582 3.69037 0.866146 1.54227 446 8.03583 2.81967 1.05456 2.20941 9.32103 3.26792 1.52133 3.1084 9.54174 3.24263 1.75474 3.62811 11.9875 3.42335 1.85215 3.15416 11.6253 3.51758 1.76867 3.13928 12:29 9.11805 4.65089 252484 5.84457 7.78469 5.30045 2.92544 4.9287 10 7.72091 5.58645 2.30566 3.65734 8.92216 6.94389 2.37203 4.94193 1077 11.2656 7.72031 2-70545 4 ASIB 11.15 11.5385 7.8513 2.69854 5.25003 10.7579 302283 2.27281 S07356 9.14422 752933 2.92359 6.00500 15 2.56366 3.93653 892216 11.2656 11.535 10 192 993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2006 2006 2007 2008 2009 2010 2011 237205 2.70545 2.69854 2.77281 2.92859 4.13289 5.10266 6.30885 7.1527 6.87238 6.48745 6.70315 7.12366 9.39105 9.68207 11.6626 13.5645 14.809 13.TH2 13,0947 3.54915 3.37627 3.1584 3.08123 3.39348 6.35938 9,834 13.147 15.0248 15.4968 14.6596 14.0217 14.0704 15.1514 17.0148 19.4404 21.2719 237632 23.9024 22.195 9.95355 11.1622 11.378 11.852 11.1067 12.8972 13.665 13.5701 14.2649 14.7569 15.7534 17.2365 18.0185 17.1 18.491 215206 23.8335 26.32.11 26.5755 27.2552 9.14422 855366 23.4425 40.3579 44.789 24.459 20.2723 20.7531 7.9202 B. 358 7.61585 4595 9.84401 2549 6.57501 6.12624 5.94389 7.72031 7513 8.02283 T52988 8.98658 9.61691 9.22574 87669 9.40852 10.805 11.7646 12.2436 12.3286 13.4194 16.3099 18.5568 207958 20.7339 21.24D 237203 2.70545 36995 2.2281 292859 4.137 5.10266 6.30885 7.162/ 6.87238 6.48745 6.70315 J12366 3.29105 9.68207 11.6386 13.5645 14.809 13.82 13.0947 4.94 193 4.83818 5.25000 5.07356 6.DD508 81959 9.3585 12.5621 13.9715 11.24 12.1495 12.493 13.125 15.5411 11.0916 14.4884 15,882 15.6581 15.2997 15.0501 A. 12.0 102 17.5 182 202 24.0 20.25 139 5.4 2012 2013 2014 U 2016 2017 12.1926 ,1439 16.219 17.8432 17.7557 15.9367 22.72 240S 26.4205 27,602 27.32 25,421 27.5758 27.2919 28.9599 31.3344 92059 30.9237 681527 B. 124 11.143 11382 9.bol1- 278199 21.4475 21.2217 22,861 24.9293 25.5153 2.6232 13.1928 14.1439 10.219 17,538 177552 15.933 15. 5448 17.89 145165 15.241 15.JPG 13. ESTE: . IG