Smooth Transition in China: New Evidence in the Cointegrating Money Demand Relationship
Economic Bulletin, Vol 30, No. 1, January 2010
9 Pages Posted: 1 Dec 2012
Date Written: December 10, 2009
Abstract
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.
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