This study applies Narayan and Popp's () unit-root test with two endogenous breaks to assess the validity of long-run real interest rate parity (RIRP) via investigating the non-stationary properties of the real interest rate convergence relative to South Africa for ten African countries. This...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>This study applies Narayan and Popp's ([Narayan, P. K., 2010]) unit-root test with two endogenous breaks to assess the validity of long-run real interest rate parity (RIRP) via investigating the non-stationary properties of the real interest rate convergence...</p>

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...