SPATIAL MARKET INTEGRATION IN THE PRESENCE OF THRESHOLD EFFECTS

Threshold cointegration models are used to evaluate spatial price dynamics among regional corn and soybean markets in North Carolina. Thresholds, reflecting the influences of transactions costs, are confirmed and spatial integration is strongly supported. Results indicate that equilibrating adjustments to market shocks are generally complete in two weeks.

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Year of publication:	1999
Authors:	Goodwin, Barry K. ; Piggott, Nicholas E.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Industrial Organization \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	1999 Annual meeting, August 8-11, Nashville, TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1999 Annual meeting, August 8-11, Nashville, TN Number 21489
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005494127