Chen, Shyh-Wei; Lin, Shih-Mo - In: Research in International Business and Finance 30 (2014) C, pp. 233-247
This paper examines the nonstationary and nonlinear features of the non-renewable resource markets: the crude oil (US West Texas Intermediate and UK Brent), bituminous coal and natural gas markets. In particular, we achieve this goal by using the Markov switching unit root regression. This...
