Rangkakulnuwat, Poomthan; Ahn, Sung K.; Wang, H. Holly; … - In: Applied economics 42 (2010) 4/6, pp. 497-513
deterministic trend was adopted to selected Asian countries, with Japan as the base country. There were two cointegrating vectors … driven by Japan's real money supply; the second, third and fourth by the real exchange rates of the Philippines, Singapore … and Thailand, respectively; the fifth by Japan's output; and the sixth by Japan's government bond yields. …