Testing the law of one price in food markets: evidence for Colombia using disaggregated data

This paper applies stationarity tests to examine evidence of market integration for a relatively large sample of food products in Colombia. We Önd little support for market integration when using the univariate KPSS tests for stationarity. However, within a panel context and after allowing for cross...

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Autores Principales: Iregui, Ana María, Otero, Jesus
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2008
Materias:
Acceso en línea:http://repository.urosario.edu.co/handle/10336/10935
id ir-10336-10935
recordtype dspace
spelling ir-10336-109352019-09-19T12:37:01Z Testing the law of one price in food markets: evidence for Colombia using disaggregated data Iregui, Ana María Otero, Jesus Producción Economía Economía de mercado Industria alimentaria::Aspectos Económicos Política de precios::Aspectos Económicos Law of one price panel stationarity test disaggregated price data cross section dependence Colombia This paper applies stationarity tests to examine evidence of market integration for a relatively large sample of food products in Colombia. We Önd little support for market integration when using the univariate KPSS tests for stationarity. However, within a panel context and after allowing for cross sectional dependence, the Hadri tests provide much more evidence supporting the view that food markets are integrated or, in other words, that the law of one price holds for most products. 2008 2015-09-30T16:08:52Z info:eu-repo/semantics/workingPaper info:eu-repo/semantics/acceptedVersion http://repository.urosario.edu.co/handle/10336/10935 Universidad del Rosario spa info:eu-repo/semantics/openAccess application/pdf Universidad del Rosario Facultad de Economía instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR instname:Universidad del Rosario
institution EdocUR - Universidad del Rosario
collection DSpace
language Español (Spanish)
topic Producción
Economía
Economía de mercado
Industria alimentaria::Aspectos Económicos
Política de precios::Aspectos Económicos
Law of one price
panel stationarity test
disaggregated price data
cross section dependence
Colombia
spellingShingle Producción
Economía
Economía de mercado
Industria alimentaria::Aspectos Económicos
Política de precios::Aspectos Económicos
Law of one price
panel stationarity test
disaggregated price data
cross section dependence
Colombia
Iregui, Ana María
Otero, Jesus
Testing the law of one price in food markets: evidence for Colombia using disaggregated data
description This paper applies stationarity tests to examine evidence of market integration for a relatively large sample of food products in Colombia. We Önd little support for market integration when using the univariate KPSS tests for stationarity. However, within a panel context and after allowing for cross sectional dependence, the Hadri tests provide much more evidence supporting the view that food markets are integrated or, in other words, that the law of one price holds for most products.
format Documento de trabajo (Working Paper)
author Iregui, Ana María
Otero, Jesus
author_facet Iregui, Ana María
Otero, Jesus
author_sort Iregui, Ana María
title Testing the law of one price in food markets: evidence for Colombia using disaggregated data
title_short Testing the law of one price in food markets: evidence for Colombia using disaggregated data
title_full Testing the law of one price in food markets: evidence for Colombia using disaggregated data
title_fullStr Testing the law of one price in food markets: evidence for Colombia using disaggregated data
title_full_unstemmed Testing the law of one price in food markets: evidence for Colombia using disaggregated data
title_sort testing the law of one price in food markets: evidence for colombia using disaggregated data
publisher Universidad del Rosario
publishDate 2008
url http://repository.urosario.edu.co/handle/10336/10935
_version_ 1645141690172833792
score 11,489418