The authors analyze the degree of persistence of the unemployment rates of the ten Canadian provinces using quarterly data for the period 1976:1-2005:4. They apply a two-break minimum Lagrange Multiplier (LM) unit root statistic, which, unlike standard unit root statistics (without or with...

This study investigates the cross-market interdependence among Asia-Pacific countries through dynamic herding spillover by using the structural change model of Bai and Perron (1998, 2003) from 2007-2022. The countries selected for the study are China, Japan, South Korea, India, the US, and...

We investigate the instability problem of the covariance structure of time series by combining the non-parametric approach based on the evolutionary spectral density theory of Priestley [Evolutionary spectra and non-stationary processes, J. R. Statist. Soc., 27 (1965), pp. 204-237; Wavelets and...