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Asymmetric Adjustment of the Malaysian Stock Price-Inflation Nexus: An Empirical Analysis

Table 2: Unit root tests

  Level
ADF PP
Intercept Trend & Intercept Intercept Trend & Intercept
KLCI -1.1634-1.2423-0.0040 -3.0904-2.5869-3.0245 -1.2388-1.1695-0.0786 -2.3299-2.6220-2.7520
BANK
CPI
First difference
ADF PP
Intercept Trend & Intercept Intercept Trend & Intercept
KLCI -17.8959 *** -17.8889 *** -17.9187 *** -17.9111 ***
BANK -15.8856 *** -15.8601 *** -15.9917 *** -15.9666 ***
CPI -12.4600 *** -12.4425 *** -12.7552 *** -12.7289 ***
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