SPATIAL MARKET INTEGRATION IN THE PRESENCE OF THRESHOLD EFFECTS

Barry Goodwin (barry.k.goodwin@gmail.com) and Nicholas Piggott

No 21489, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Industrial Organization; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 15
Date: 1999
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Spatial Market Integration in the Presence of Threshold Effects (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21489

DOI: 10.22004/ag.econ.21489

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