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Provedor de dados:  AgEcon
País:  United States
Título:  THE LAW OF ONE PRICE: DEVELOPED AND DEVELOPING COUNTRY MARKET INTEGRATION
Autores:  Yang, Jian
Bessler, David A.
Leatham, David J.
Data:  2003-01-22
Ano:  2000
Palavras-chave:  Law of one price
Developing countries
Error-correction model
Directed graphs
Demand and Price Analysis
Resumo:  The Law of One Price (LOP) is important to models of international trade and exchange rate determination. This study investigates a variant of the LOP applied to developed and developing countries. The competing hypothesis are (1) that one price prevails in both developed and developing countries and (2) that one price prevails in developed countries and another single price in developing countries. Using data from an internationally competitive commodity (soybean meal), we found evidence favors the first hypothesis, although two large developing countries under study are active participants in regional trade integration, which may bias them against the first hypothesis.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  6832

http://purl.umn.edu/15320
Editor:  AgEcon Search
Relação:  Journal of Agricultural and Applied Economics>Volume 32, Number 03, December 2000
Formato:  12

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