The inadequacy of linear autoregressive model for real exchange rates: empirical evidence from Asian economies
Utilizing the formal linearity test of Luukkonen, Saikkonen and Tera¨ svirta (Biometrika, 75, 491–99, 1998) as diagnostic tool, the empirical finding suggests that the linear autoregressive (AR) model is inadequate in describing the real exchange rates behaviour of 11 Asian economies. It is noted th...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2003
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| Subjects: | |
| Online Access: | http://ir.unimas.my/18638/ http://ir.unimas.my/18638/ http://ir.unimas.my/18638/ http://ir.unimas.my/18638/7/The%20inadequacy%20of%20linear%20autoregressive%20model%20%28abstract%29.pdf |