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Economia Agraria y Recursos Naturales >
Volume 08, Number 1, 2008 >
Please use this identifier to cite or link to this item:
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| Title: | Ley de precio único en el mercado español del aceite de oliva |
| Other Titles: | Law of one price in the Spanish olive oil market |
| Authors: | Roldan Casas, Jose Angel
Dios-Palomares, Rafaela |
| Authors (Email): | Roldán, José Angel (ma1rocaj@uco.es) |
| Keywords: | Aceite de oliva
cointegración
ley de precio único
cointegration
law of one price |
| JEL Codes: | Q11
C32
F15
Olive oil |
| Issue Date: | 2008 |
| Abstract: | RESUMEN: El objetivo de este trabajo es el estudio de la integración del mercado español del aceite de oliva y la contrastación de la Ley de Precio Único (LPU) en dicho mercado. El análisis se lleva a cabo aplicando la técnica multivariante de cointegración a series mensuales (1987-2001) de precios de aceite de oliva correspondientes a las regiones en que el MAPA divide el mercado español peninsular. Los resultados muestran que los mercados españoles de aceite de oliva tienen un alto grado de integración siendo Noreste el mercado líder. No obstante, el mecanismo de transmisión de precios no es perfecto.
SUMMARY: The aim of this paper is the study of long-run market integration of olive oil in Spain and the testing of the Law of One Price (LOP) in this market. The study is carried out using multivariate cointegration methodology and applied to monthly data on olive oil prices in Spain (1987-2001) corresponding to the regions considered by the Spanish Ministry of Agriculture, Fisheries and Food. The results
show that Spanish olive oil markets are highly integrated with the Northeast being the leading market. However, perfect integration cannot be accepted. |
| URI: | http://purl.umn.edu/37188 |
| Institution/Association: | Economia Agraria y Recursos Naturales>Volume 08, Number 1, 2008 |
| Total Pages: | 18 |
| Language: | Spanish |
| From Page: | 37 |
| To Page: | 55 |
| Collections: | Volume 08, Number 1, 2008
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| 3-Roldan.pdf | | 175Kb | PDF | View/Open |
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