Thompson, Stanley R.; Sul, Donggyu; Bohl, Martin T. - In: American Journal of Agricultural Economics 84 (2002) 4, pp. 1042-1053
We investigate the degree to which the wheat markets of France, Germany, and the United Kingdom are in spatial equilibrium and how reforms to the CAP affect the speed of convergence to the longrun relationship. Due to the interrelationship among these markets and the nonstationarity of our data...