DeGennaro, Ramon P; Kunkel, Robert A; Lee, Junsoo - In: The Financial Review 29 (1994) 4, pp. 577-97
This study investigates the relationship among interest rates on the long-term government bonds of five industrialized countries. Both standard and new unit root tests are applied, all of which confirm the presence of exactly one unit root. New cointegration tests are also applied to these data....