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Is it in the EU’s interest to enlarge further? The case of Turkey

✍ Scribed by Cengiz Aktar

Book ID
107646636
Publisher
SAGE Publications
Year
2009
Weight
146 KB
Volume
8
Category
Article
ISSN
1781-6858

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This paper investigates the behaviour of interest rates in Turkey using a two-regime TAR model with an autoregressive unit root. This method recently developed by Caner and Hansen [Threshold autoregression with a unit roots, Econometrica 69 (6) (2001) 1555-1596] allows to simultaneously consider non