Su, Chi-Wei; Shen, Pei-Long; Chang, Hsu-Ling; Liu, Lin - In: Applied Economics Letters 19 (2012) 15, pp. 1531-1536
This study applies nonlinear threshold unit-root test to assess the nonstationary properties of the Real Interest Rate Parity (RIRP) for 10 East Asian countries relative to China. We find that nonlinear threshold unit-root test has higher power than linear method suggested by Caner and Hansen...
