To investigate the relationship between financial development and economic growth in Malaysia from 1970 to 2016, we have test the stationarity of the time series by Augmented Dickey-Fuller (ADF), Phillips-Perron (PP) and Kwiatkowski-Phillips-Schmidt-Shin (KPSS) tests.

Comment/ interpret the result from the table.

Variables	Augmented Dickey-Fuller (ADF)		Phillips-Perron (PP)		Kwiatkowski-Phillips-Schmidt-Shin (KPSS)
	Intercept	Trend & Intercept	Intercept	Trend & Intercept	Intercept	Trend & Intercept
At level
GDPPC	0.2455	0.4031	0.2455	0.4008	0.8891	0.1381
M2	0.0852	0.4471	0.0183	0.5024	0.8814	0.1801
EX	0.1504	0.9915	0.1000	0.9971	0.8746	0.1922
IMP	0.1442	0.9125	0.1539	0.9692	0.8730	0.1977
FD	0.0888	0.1804	0.0615	0.2164	0.7325	0.1773
At 1st difference
GDPPC	0.0000	0.0000	0.0000	0.0000	0.3421	0.0546
M2	0.0001	0.0001	0.0000	0.0000	0.4467	0.0743
EX	0.0000	0.0000	0.0000	0.0000	0.5248	0.1044
IMP	0.0001	0.0001	0.0001	0.0001	0.4359	0.0605
FD	0.0000	0.0001	0.0000	0.0000	0.2194	0.0799

Notes:*GDPPC, GDP per capita (current LCU); M2, broad money; EX, exports of goods and services(current LCU); IMP, imports of goods and services (current LCU); FD, financial development.