Evidence on Whether Adjustment to Long - Run Equilibrium is Asymmetric
نویسندگان
چکیده
The Enders and Granger (1998) unit-root test against stationary alternatives with asymmetric adjustment is applied to the extended Nelson and Plosser dataset. The test rejects the unit-root null roughly as frequently as does the ADF test. JEL Classification C32, E32 * Correspondence: Philip Rothman Department of Economics East Carolina University Greenville, NC 27858 Phone: 252-328-6151 Fax: 252-328-6743 Email: [email protected]
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