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Abstract
In view of the importance of the meat imports and the
exports of meat in Iran, this study focuses on the status of
the global market of meat imports the unit price test in these
markets between the years 1961 and 2011 using the market
cointegration approach. The results of this study are indicative
of prices co-integration in the international market of meat as
well as among such major importers as the US, Germany,
Italy, Japan, France and Russia. However, the important point
is that no price co-integration has been observed between the
global prices of meat and the import price in Iran’s import
market. Moreover, no law of one price has been established
in Iran’s import market in the long term; and in this respect,
these markets lack the appropriate efficiency.