This paper offers a new insight into real exchange rate behaviour in Latin America. Using quarterly data over the sample period 1973Q2-2005Q4, the analysis indicates that the real exchange rates of Argentina, Brazil and Venezuala can be described as non-linear trend stationary processes. This...

This paper examines the major determinants of GDP growth in Iran using annual time series data spanning from 1960 to 2003. The Iranian economy has been subject to a multitude of structural changes and regime shifts during the sample period. Thus, time series properties of the data are first...

This paper examines the time series properties of eighteen (18) Nigeria industrial variables using annual data from 1970 to 2009. Along with traditional Augmented Dickey-Fuller (ADF) and Phillip –Perron (PP) unit root tests, we use the Lee and Strazicich (2003) minimum Lagrange multiplier (LM)...