@article{Awal:199935,
      recid = {199935},
      author = {Awal, M. A. and Sabur, S. Abdus and Mia, M. I. A.},
      title = {SPATIAL PRICE INTEGRATION AND PRICING EFFICIENCY OF EXPORT  MARKETS LEVEL: A CASE OF BANGLADESHI EXPORTABLE FRESH  VEGETABLES MARKETS},
      journal = {Bangladesh Journal of Agricultural Economics},
      address = {2009-12-31},
      number = {454-2016-36440},
      series = {XXXII},
      pages = {16},
      month = {Dec},
      year = {2009},
      abstract = {The paper examined the pricing efficiency of exportable  fresh vegetables markets in Bangladesh and its export  markets by using Engle-Granger (EG) test, Cointegration  Regression for Durbin Watson (CRDW) test and Error  Correction Methods (ECM). For the test of pricing  efficiency of exportable fresh vegetables markets, the  monthly export earnings data were used to test  cointegration from July 2004-05 to July 2006-07 yielding a  total of 36 observations. Engle-Granger test was used to  estimate the integration among the fresh vegetables exports  markets in Bangladesh. In the cointegrating set up, error  correction method estimated the long-run relationship  between Bangladesh and selected export markets. The  vegetables export markets of UK-Saudi Arabia, UK-UAE  markets and UK-Singapore markets are not integrated and  these markets prices were non-responsive. Bangladesh-UK;  Bangladesh-UAE; Bangladesh-Singapore; UAE-Saudi Arabia and  UAE-Singapore markets are highly integrated due to having  the facility of information technology, which closely  connected the markets to each other. Bangladesh-UK;  Bangladesh-Saudi Arabia; Bangladesh-UAE,  Bangladesh-Singapore and Saudi Arabia-UAE markets are found  strong form of market integration due to congenial  atmosphere existed in these markets. The rest combinations  of markets do not support the strong form of market  integration because of complication of export procedures,  lack of bi-lateral agreement. The speed of price adjustment  (8) ranges from 9% to 66 % indicating that price adjustment  takes around 3 to 20 days in transmitting information from  one market to the others export markets. The highest  percentage speed of adjustment was found in Bangladesh and  UK markets. This exhibits that if any divergence appears  from the long-run equilibrium, it is adjusted towards the  equilibrium value by the speed of 66% or 20 days. Price  adjustments among the selected export markets were found to  be quicker in Bangladesh-United Arab Emirates market (3  days).},
      url = {http://ageconsearch.umn.edu/record/199935},
      doi = {https://doi.org/10.22004/ag.econ.199935},
}