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dc.contributor.authorGuney, Pelin Oge
dc.contributor.authorTelatar, Erdinc
dc.contributor.authorHasanov, Mubariz
dc.date.accessioned2019-12-23T08:11:12Z
dc.date.available2019-12-23T08:11:12Z
dc.date.issued2015
dc.identifier.issn1331-677X
dc.identifier.urihttps://doi.org/10.1080/1331677X.2015.1028240
dc.identifier.urihttp://hdl.handle.net/11655/21263
dc.description.abstractStationarity 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.
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.isversionof10.1080/1331677X.2015.1028240
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBusiness & Economics
dc.titleTime Series Behaviour Of The Real Interest Rates In Transition Economies
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.relation.journalEconomic Research-Ekonomska Istrazivanja
dc.contributor.departmentİktisat
dc.identifier.volume28
dc.identifier.issue1
dc.identifier.startpage104
dc.identifier.endpage118
dc.description.indexWoS
dc.description.indexScopus


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