Testing for spatial market integration and law of one price in Turkish wheat markets
作者： Kadir Y. Eryigit , Suleyman Karaman
DOI: 10.1007/S11135-010-9320-1
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摘要: This paper examines co-integration models in testing for spatial market integration and the Law of One Price (LOP) Turkish wheat market. The multivariate tests show that there is one co-integrating vector system which implies though markets are integrated, LOP does not hold. Vector error correction model restrictions also structural breaks have impacts on long-run linkage among prices. These results important production policies liberalization considerations future.
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