Lu, Yang-Cheng; Chang, Tsangyao; Yu, Chin-Ping - In: Journal for Economic Forecasting (2011) 3, pp. 59-70
This study applies threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment in long-run purchasing power parity (PPP) for both Mainland China and Taiwan during the January 1986 to October 2009 period. Although there is evidence of...