This is a preview. Log in through your library . Abstract Cointegration analyses of macroeconomic time series are often not based on fully specified theoretical models. We use a theoretical model to ...

Nonlinear cointegration and time series analysis represent a dynamic area of research that extends the classical framework of cointegration by allowing the long-run equilibrium relationships among ...

Previous studies have utilized conventional cointegration tests that are based on the assumption that the long-run purchasing power parity (PPP) relationship is stable over the sample period. This ...