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

Ana María Iregui; Jesús Otero

doi:10.1007/s00181-010-0358-7

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

Ana María Iregui, Jesús Otero

Facultad de Economía

Producción científica: Contribución a una revista › Artículo › revisión exhaustiva

7 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.

Idioma original	Inglés estadounidense
Páginas (desde-hasta)	269-284
Número de páginas	16
Publicación	Empirical Economics
Volumen	40
N.º	2
DOI	https://doi.org/10.1007/s00181-010-0358-7
Estado	Publicada - abr. 2011

Áreas temáticas de ASJC Scopus

Estadística y probabilidad
Matemáticas (miscelánea)
Ciencias sociales (miscelánea)
Economía y econometría

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abstract = "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.",

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

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