<s>
In	O
economics	O
,	O
testing	O
for	O
an	O
asymmetric	B-General_Concept
cointegration	I-General_Concept
relationship	O
among	O
variables	O
implies	O
distinguishing	O
the	O
positive	O
and	O
the	O
negative	O
effects	O
of	O
the	O
error	O
obtained	O
from	O
the	O
cointegration	O
regression	O
.	O
</s>
<s>
In	O
order	O
to	O
do	O
that	O
,	O
economists	O
usually	O
use	O
the	O
asymmetric	B-General_Concept
cointegration	I-General_Concept
framework	O
proposed	O
by	O
Enders	O
and	O
Siklos	O
in	O
2001	O
.	O
</s>
<s>
Asymmetric	B-General_Concept
cointegration	I-General_Concept
comes	O
from	O
the	O
analysis	O
of	O
multivariate	O
combinations	O
arising	O
from	O
the	O
decomposition	O
of	O
the	O
series	O
into	O
positive	O
and	O
negative	O
values	O
of	O
its	O
cumulative	O
sums	O
;	O
see	O
Lardic	O
and	O
Mignon	O
(	O
2008	O
,	O
p.484	O
)	O
.	O
</s>
<s>
According	O
to	O
Cook	O
(	O
2006	O
)	O
,	O
testing	O
for	O
a	O
potential	O
asymmetric	B-General_Concept
cointegration	I-General_Concept
extends	O
the	O
analysis	O
in	O
further	O
directions	O
to	O
allow	O
for	O
a	O
possibility	O
that	O
other	O
standard	O
cointegration	O
tests	O
may	O
fail	O
to	O
detect	O
an	O
underlying	O
cointegration	O
relationship	O
and	O
therefore	O
,	O
the	O
threshold	O
autoregressive	O
and	O
momentum-threshold	O
cointegration	O
tests	O
are	O
applied	O
to	O
investigate	O
the	O
hypothesis	O
that	O
the	O
cointegration	O
relationship	O
between	O
banking	O
sector	O
development	O
indicators	O
and	O
remittances	O
is	O
of	O
an	O
asymmetric	O
form	O
which	O
splits	O
the	O
speed	O
of	O
adjustments	O
into	O
two	O
parts	O
based	O
on	O
the	O
direction	O
of	O
the	O
equilibrium	O
error	O
.	O
</s>
