The study examines the methods of testing the presence of unit root and co-integration of time series data using those tests that assumes the presence of breaks and those that assumes no breaks. We employed Eliott et-al(1996) DF-GLS for the latter test and Perron(1997) for the former category....

The main purpose of examining real interest rate parity (RIRP), focus on explore more evidence from the quantile unit root test. This study applies the Quantile unit root test to assess the validity of the RIRP for Northeast Asian countries (including Russia, Mongolia, Mainland of China, South...