Aruga, Kentaka; Managi, Shunsuke - In: Economics Bulletin 32 (2012) 2, pp. 1198-1207
This paper tested the effects of the 2005 vehicle emission-control law issued in Japan on the market linkages between the U.S. and Japanese palladium futures markets. To determine these effects, we applied a cointegration test both with and without break points in the time series and found that...