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Valdes,Rodrigo; von Cramon-Taubadel,Stephan; Díaz,José. |
Historically Chile has been a wheat net importer country. This situation, added to the small size of its economy, causes that the domestic price of this cereal is highly influenced by import prices of substitute wheat. This research analyzed the integration level of the Chilean wheat market with respect to the USA and Argentinean markets using a vector error correction model (VECM), the impact of the band prices (D-BAND) and the change of the band mechanism introduced in 2004 (D-MECH) by the inclusion of two binary variables in the VECM. The results showed strong market integration among Argentina, Chile and USA, with USA leading the market. Additionally, the price of the Chilean wheat was influenced by the USA and Argentina prices. The binary variables,... |
Tipo: Journal article |
Palavras-chave: Cointegration analysis; Price band; Wheat; Cereal prices; International market of commodities; Vector error correction model. |
Ano: 2011 |
URL: http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-16202011000100001 |
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Tang, Peng-zhu; Li, Bin. |
The gross output value of township enterprises (XGDP) is used as a variable of township enterprises development. And CXEY is a variable of urban-rural dual economic structure. According to the 1986-2006 Statistical Yearbook of Chinese Township Enterprises and the 2006 China Statistical Yearbook, effects of the development of township enterprises on the urban-rural dual economic structure are studied by the cointegration analysis. Result shows that without considering other influencing factors, township enterprise development in the years 1979-2005 is the key factor to improve the dual economic structure in urban and rural areas in China. |
Tipo: Journal Article |
Palavras-chave: Urban and rural areas; Dual economy; Township enterprises; Cointegration analysis; China; Agribusiness. |
Ano: 2011 |
URL: http://purl.umn.edu/108459 |
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Baek, Jungho; Koo, Won W.. |
The cointegration analysis and a vector error-correction (VEC) model are applied to examine the short- and long-run relationships among foreign direct investment (FDI), economic growth, and the environment in China and India. The results show that FDI inflow plays a pivotal role in determining the short- and long-run movement of economic growth through capital accumulation and technical spillovers in the two countries. However, FDI inflow in both countries is found to have a detrimental effect on environmental quality in both the short- and long-run, supporting pollution haven hypothesis. Finally, it is found that, in the short-run, there exists a unidirectional causality from FDI inflow to economic growth and the environment in China and India - a change... |
Tipo: Conference Paper or Presentation |
Palavras-chave: China; Cointegration analysis; Environment; FDI; India; Vector error-correction; Research Methods/ Statistical Methods. |
Ano: 2008 |
URL: http://purl.umn.edu/6508 |
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