Are Current Accounts of Asian Economies Mean-reverting?: Nonlinear Unit Root Test Approach
This paper tests the mean reverting property of current account in the financial crisis-affected 5 counties of southeast Asia using nonlinear unit root tests of Park and shintani(2004). Our approach is based on the idea that a conventional unit root test has lower power in detecting the nonlinear me...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Korea Institute for International Economic Policy
2005-12-01
|
Series: | East Asian Economic Review |
Subjects: | |
Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2005.9.2.149 |