Testing for spatial market integration: evidence for Colombia using a pairwise approach
We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in un...
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| Formato: | Artículo (Article) |
| Lenguaje: | Inglés (English) |
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Blackwell Publishing Ltd
2017
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| Acceso en línea: | https://repository.urosario.edu.co/handle/10336/23896 https://doi.org/10.1111/agec.12371 |
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ir-10336-23896 |
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ir-10336-238962022-05-02T12:37:16Z Testing for spatial market integration: evidence for Colombia using a pairwise approach Iregui A.M. Otero, Jesus Commodity price Econometrics Food industry Food processing Food product Market conditions Spatial analysis Testing method Time series Colombia C33 Colombia Distance E31 Law of one price Pairwise Q11 We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in unprocessed food products, as opposed to processed foods, other traded and nontraded products. The results also support the view that, except for nontraded products, the speed at which prices adjust to the long-run equilibrium is slower for cities that are farther apart. © 2017 International Association of Agricultural Economists 2017 2020-05-26T00:06:28Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repository.urosario.edu.co/handle/10336/23896 https://doi.org/10.1111/agec.12371 eng info:eu-repo/semantics/openAccess application/pdf Blackwell Publishing Ltd instname:Universidad del Rosario |
| institution |
EdocUR - Universidad del Rosario |
| collection |
DSpace |
| language |
Inglés (English) |
| topic |
Commodity price Econometrics Food industry Food processing Food product Market conditions Spatial analysis Testing method Time series Colombia C33 Colombia Distance E31 Law of one price Pairwise Q11 |
| spellingShingle |
Commodity price Econometrics Food industry Food processing Food product Market conditions Spatial analysis Testing method Time series Colombia C33 Colombia Distance E31 Law of one price Pairwise Q11 Iregui A.M. Otero, Jesus Testing for spatial market integration: evidence for Colombia using a pairwise approach |
| description |
We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in unprocessed food products, as opposed to processed foods, other traded and nontraded products. The results also support the view that, except for nontraded products, the speed at which prices adjust to the long-run equilibrium is slower for cities that are farther apart. © 2017 International Association of Agricultural Economists |
| format |
Artículo (Article) |
| author |
Iregui A.M. Otero, Jesus |
| author_facet |
Iregui A.M. Otero, Jesus |
| author_sort |
Iregui A.M. |
| title |
Testing for spatial market integration: evidence for Colombia using a pairwise approach |
| title_short |
Testing for spatial market integration: evidence for Colombia using a pairwise approach |
| title_full |
Testing for spatial market integration: evidence for Colombia using a pairwise approach |
| title_fullStr |
Testing for spatial market integration: evidence for Colombia using a pairwise approach |
| title_full_unstemmed |
Testing for spatial market integration: evidence for Colombia using a pairwise approach |
| title_sort |
testing for spatial market integration: evidence for colombia using a pairwise approach |
| publisher |
Blackwell Publishing Ltd |
| publishDate |
2017 |
| url |
https://repository.urosario.edu.co/handle/10336/23896 https://doi.org/10.1111/agec.12371 |
| _version_ |
1740172152603148288 |
| score |
12,131701 |