Nonlinear Cointegration and Asymmetric Adjustment in Purchasing Power Parity of the USA, Germany, and Pakistan

Table 4

Estimated equations using threshold cointegration test and consistent estimates (based country: Pakistan).

Country					Lag	Flag	Threshold value
USA	−0031	−0.032	2.432	6.67	2	TAR	0.5991
China	−0.002	−0.081	7.010	6.67	12	TAR	0.00041
Germany	−0.0151	−0.026	1.895	6.67	0	TAR	−0.03257