Testing the Law of One Price in food markets: Evidence for Colombia using disaggregated data

Jesús Otero; Ana María Iregui

doi:10.48713/10336_10935

Testing the Law of One Price in food markets: Evidence for Colombia using disaggregated data

Jesús Otero
, Ana María Iregui

Producción científica: Documento de Trabajo › Documento de trabajo

Resumen

This paper 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
Editorial	Universidad del Rosario
Número de páginas	21
DOI	https://doi.org/10.48713/10336_10935
Estado	Publicada - oct 2008

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

ODS 8: Trabajo decente y crecimiento económico

Áreas temáticas de ASJC Scopus

Economía y econometría

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10.48713/10336_10935

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title = "Testing the Law of One Price in food markets: Evidence for Colombia using disaggregated data",

abstract = "This paper 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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AB - This paper 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

Resumen

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