Testing the law of one price in food markets: Evidence for Colombia using disaggregated data

Ana María Iregui, Jesús Otero

Resultado de la investigación: Contribución a RevistaArtículo

4 Citas (Scopus)

Resumen

This article applies stationarity tests to examine evidence of market integration for a relatively large sample of food products in Colombia. We find little support for market integration when using the univariate KPSS tests for stationarity. However, within a panel context and after allowing for cross-sectional dependence, the Hadri tests provide much more evidence supporting the view that food markets are integrated or, in other words, that the law of one price holds for most products. © 2010 Springer-Verlag.
Idioma originalEnglish (US)
Páginas (desde-hasta)269-284
Número de páginas16
PublicaciónEmpirical Economics
DOI
EstadoPublished - abr 1 2011

Huella dactilar

Colombia
Stationarity
food
Testing
Law
market
evidence
Univariate
Evidence
Market
Law of one price
Market integration
Food markets
Integrated
Stationarity test
Cross-sectional dependence
KPSS test
Food products

Citar esto

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Testing the law of one price in food markets: Evidence for Colombia using disaggregated data. / Iregui, Ana María; Otero, Jesús.

En: Empirical Economics, 01.04.2011, p. 269-284.

Resultado de la investigación: Contribución a RevistaArtículo

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