Efeitos de acordos comerciais sobre a integração de preços do algodão nos mercados interno e externo

Eliane Pinheiro de Sousa and Antonio Carvalho Campos

Revista de Economia e Agronegócio / Brazilian Review of Economics and Agribusiness, 2009, vol. 07, issue 2, 23

Abstract: This article aims at to verify the effects of the trade agreements implanted in the textile sector (Multi-fibre Agreement, Agreement on Textiles and Clothing and liberalization of the textile sector in the world trade) about the integration among the internal and external prices of the cotton of january of 1990 to february of 2009. For that, they were employees the tests for unitary root and Johansen’s co-integration; estimation and analysis of and the vector error correction model (VEC) and the exogenicity test. The results revealed that the markets brazilian and american can be considered integrated in all of the analyzed samples, indicating that variations of price of the cotton happened at a market is reviewed to the other market in the long period, however that transmission is not accomplished in a complete way, because the hypothesis of perfect integration between these markets was rejected in all of the studied situations, invalidating, therefore, the Law of One Price.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/56851/files/artigo%202.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:rdeeag:56851

DOI: 10.22004/ag.econ.56851

Access Statistics for this article

More articles in Revista de Economia e Agronegócio / Brazilian Review of Economics and Agribusiness from Federal University of Vicosa, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().