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...

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Bibliographic Details
Main Author: Bonghan Kim
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