The use of asymmetrical threshold cointegration tests is adopted in this study to investigate whether any significant relationship or asymmetric adjustment exists between the real estate and stock markets of China. Our results indicate the existence of a long run nonlinear relationship between...

This study applies stationary test with a Fourier function proposed by Enders and Lee (2004, 2009) to test the validity of long-run Purchasing Power Parity (PPP) to assess the nonstationary properties of the Real Exchange Rates (RERs) for seven major countries of the Organization of the...

This empirical note uses a simple and powerful nonlinear unit root test proposed by Sollis (2009) to test the validity of Purchasing Power Parity (PPP) for Middle Eastern countries. Empirical test results indicate that PPP is valid for most of these Middle Eastern countries, with the exception...

This study applies nonlinear threshold unit-root test to assess the nonstationarity properties of the Real Exchange Rate (RER) for seven Central and Eastern European Countries (CEEC). We find that nonlinear threshold unit-root test has higher power than linear method suggested by Caner and...

This study applies a simple and powerful nonlinear threshold unit root test proposed by Caner and Hansen (2001) to test the validity of long-run Purchasing Power Parity (PPP) in a sample of nine East Asian countries. The empirical results indicate that PPP holds true for more than half of these...

This study applies Panel Seemingly Unrelated Regressions (SUR) Kapetanios <italic>et al</italic>. (Kapetanios--Shin--Snell (KSS), SURKSS) tests, proposed by Wu and Lee (2009), to investigate the properties of long-run Purchasing Power Parity (PPP) in 15 African countries. The empirical results from the...

This empirical note applies a simple and powerful nonlinear unit root proposed by Sollis (2009) to test the validity of long-run Purchasing Power Parity (PPP) for Japan's Real Exchange Rate (RER) vis-à-vis its eight trading partner countries. The empirical results indicate that PPP holds for...