TY - JOUR
T1 - Revisiting the empirics of inflation in China
T2 - A smooth transition error correction approach
AU - Zhang, Lingxiang
PY - 2013/4
Y1 - 2013/4
N2 - Using the same data as Chow and Wang (2010) [Chow, Gregory C., Wang, Peng, 2010. The empirics of inflation in China. Economics Letters 109, 28-30], as well as a smooth transition regression model, this paper reconsiders the empirics of inflation in China. The estimated smooth transition error correction model indicates the significant regime-switching behavior of inflation in China, in contrast to the results derived with Chow and Wang's model of constant parameters.
AB - Using the same data as Chow and Wang (2010) [Chow, Gregory C., Wang, Peng, 2010. The empirics of inflation in China. Economics Letters 109, 28-30], as well as a smooth transition regression model, this paper reconsiders the empirics of inflation in China. The estimated smooth transition error correction model indicates the significant regime-switching behavior of inflation in China, in contrast to the results derived with Chow and Wang's model of constant parameters.
KW - China
KW - Inflation
KW - Smooth transition error correction
UR - http://www.scopus.com/inward/record.url?scp=84874432817&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2013.01.014
DO - 10.1016/j.econlet.2013.01.014
M3 - Article
AN - SCOPUS:84874432817
SN - 0165-1765
VL - 119
SP - 68
EP - 71
JO - Economics Letters
JF - Economics Letters
IS - 1
ER -