Smooth transition in China: New evidence in the cointegrating money demand relationship
Using linearity tests proposed by Choi and Saikkonen (2004), this paper finds evidence of a non-linear cointegrating money demand relationship in China during the 1987-2008 period and identifies potential explanations for this nonlinearity.
|Date of creation:||18 Jan 2010|
|Date of revision:|
|Publication status:||Published, Economics Bulletin, 2010, vol.30, n°1, pp.265-273|
|Note:||View the original document on HAL open archive server: http://hal-rbs.archives-ouvertes.fr/hal-00565520|
|Contact details of provider:|| Web page: http://hal.archives-ouvertes.fr/|
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- Bernard Laurens & Rodolfo Maino, 2007. "China; Strengthening Monetary Policy Implementation," IMF Working Papers 07/14, International Monetary Fund.
- In Choi & Pentti Saikkonen, 2004. "Testing linearity in cointegrating smooth transition regressions," Econometrics Journal, Royal Economic Society, vol. 7(2), pages 341-365, December.
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