Chia, Ricky Chee Jiun; Lim, Shiok Ye; Ong, Sheue Li - In: Economics Bulletin 34 (2014) 3, pp. 1438-1447
Studies on long-run purchasing power parity based on rank test for nonlinear cointegration is limited. Therefore, to … is not only capable in the detection of cointegration, but can further distinguish linear from nonlinear relationship if … cointegration exists. In addition, this study also follows the suggestion by Liew et al. (2012) to solve the rank problem in testing …