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| Li, Jia; Hanrahan, Kevin F.; McErlean, Seamus. |
| This paper uses cointegration procedures to test for agricultural commodity futures market efficiency in the UK. Cointegration between spot and futures prices is a necessary condition for market efficiency where these prices are characterised by stochastic trends (Lai and Lai 1991). In addition, acceptance of the 'unbiasedness hypothesis' requires that the spot and lagged futures prices are cointegrated with the cointegrating vector (1, -1). Alternatively, Brenner and Kroner (1995) use a no-arbitrage cost-of-carry model to argue that the existence of cointegration between spot and futures prices depends on the time series properties of the cost-of-carry. According to Brenner and Kroner (1995), a tri-variate cointegrating relationship (the BK... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/20203 |
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| Wang, Wei-guo; Ling, Mei; Li, Jia. |
| On the strength of investigation, the status quo of rural micro insurance of Hebei Province is introduced. The results show that it is characterized by the following features: rapid development；continuously increased experimental types and experimental areas; increasingly improved ability of serving the economic and social development; the combination of micro insurance and small loan has achieved success. Based on the efforts of analyzing the questionnaires, the following problems of the development of rural small loan are detected. For instance, the inadequate promotion on micro insurance; peasants’ weak awareness of insurance; unclear understanding of the functions of micro insurance；unitary marketing channel of micro insurance; complex reasons of... |
| Tipo: Journal Article |
Palavras-chave: Rural micro insurance; Marketing channel; Management pattern; Insurance products; Hebei Province; China; Agribusiness. |
| Ano: 2010 |
URL: http://purl.umn.edu/97628 |
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