Liu, Yan; Chang, Hsu-Ling; Su, Chi-Wei - In: Economic Modelling 31 (2013) C, pp. 467-473
This study applies the sequential panel selection method (SPSM), proposed by Chortareas and Kapetanios (2009), to assess the non-stationary properties of the real interest rates relative to China for ten East Asian countries. SPSM can classify the whole panel into a group of stationary series...