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Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2015.1028240

Time series behaviour of the real interest rates in transition economies

Pelin Öge Güney   ORCID icon orcid.org/0000-0002-2093-9133
Erdinç Telatar
Mübariz Hasanov

Puni tekst: engleski, pdf (409 KB) str. 104-118 preuzimanja: 162* citiraj
APA 6th Edition
Güney, P.Ö., Telatar, E. i Hasanov, M. (2015). Time series behaviour of the real interest rates in transition economies. Economic research - Ekonomska istraživanja, 28 (1), 104-118. https://doi.org/10.1080/1331677X.2015.1028240
MLA 8th Edition
Güney, Pelin Öge, et al. "Time series behaviour of the real interest rates in transition economies." Economic research - Ekonomska istraživanja, vol. 28, br. 1, 2015, str. 104-118. https://doi.org/10.1080/1331677X.2015.1028240. Citirano 18.01.2020.
Chicago 17th Edition
Güney, Pelin Öge, Erdinç Telatar i Mübariz Hasanov. "Time series behaviour of the real interest rates in transition economies." Economic research - Ekonomska istraživanja 28, br. 1 (2015): 104-118. https://doi.org/10.1080/1331677X.2015.1028240
Harvard
Güney, P.Ö., Telatar, E., i Hasanov, M. (2015). 'Time series behaviour of the real interest rates in transition economies', Economic research - Ekonomska istraživanja, 28(1), str. 104-118. https://doi.org/10.1080/1331677X.2015.1028240
Vancouver
Güney PÖ, Telatar E, Hasanov M. Time series behaviour of the real interest rates in transition economies. Economic research - Ekonomska istraživanja [Internet]. 2015 [pristupljeno 18.01.2020.];28(1):104-118. https://doi.org/10.1080/1331677X.2015.1028240
IEEE
P.Ö. Güney, E. Telatar i M. Hasanov, "Time series behaviour of the real interest rates in transition economies", Economic research - Ekonomska istraživanja, vol.28, br. 1, str. 104-118, 2015. [Online]. https://doi.org/10.1080/1331677X.2015.1028240

Sažetak
Stationarity properties of real interest rates are examined for 21 transition economies. Owing to transaction costs and other frictions, it is quite plausible that we are dealing with potential non-linearities in the real interest rate. Therefore we examine stationarity of the real interest rate allowing for non-linearities and asymmetric adjustment
with smooth structural change in the data generating process. Our findings suggest that taking account of non-linearities in the data generating process results in a rejection of the unit root null hypothesis for some countries which seem to be non-stationary according to conventional unit root tests. This finding points to the
importance of allowing for both structural breaks and asymmetric adjustment in the real interest rate series of transition countries.

Ključne riječi
real interest rate; transition economies; structural break; nonlinearity; unit root

Hrčak ID: 171490

URI
https://hrcak.srce.hr/171490

Posjeta: 239 *