Recent Developments in Nonlinear Cointegration with Applications to Macroeconomics and Finance

This text provides insights on nonlinear cointegration and error correction models. It seeks to bring together developments on the subject that were previously scattered throughout the literature. The authors demonstrate the importance of NEON models for studying partial adjustment problems in macroeconomics and the efficient market hypothesis in finance. Even though papers on nonlinear cointegration are numerous a survey can still be made on the topic.