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.


Issue Date:
1999
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/21489
Total Pages:
15
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-10-22

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