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Coronel, Daniel Arruda; Amorim, Airton Lopes; Sousa, Eliane Pinheiro de; Lima, Joao Eustaquio de. |
The aim of this paper is to check if there is a relation between the wheat prices of the Argentinian and the International market, if these markets are integrated in space. For that, it was used as time reference the period from January, 1994 to April, 2009. Unit root tests, Granger causality, Johansen cointegration, estimation of the impulse response function, decomposition of error variation and estimation and analysis of the error correction model were used. The results indicated that variations in the international prices of wheat were almost completely transmitted for the run long. However, it is not possible to affirm that the Argentinian and the International markets are perfectly integrated even if they have a higher transmission of prices This is... |
Tipo: Working or Discussion Paper |
Palavras-chave: Integration of prices; Law of the One Price; Wheat market; Demand and Price Analysis; International Relations/Trade; C32; Q13. |
Ano: 2010 |
URL: http://purl.umn.edu/114463 |
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