Woo, Kai-Yin; Lee, Shu-Kam; Chan, Alan - In: Journal of Macroeconomics 40 (2014) C, pp. 360-371
We study the intranational purchasing power parity (PPP) between 17 pairs of Canadian cities for the period 1984–2010, using multivariate tests of threshold cointegration in a threshold vector error correction model. Our results confirm the existence of cointegration with threshold symmetric...