Ítem
Solo Metadatos
Testing for spatial market integration: evidence for Colombia using a pairwise approach
Título de la revista
Autores
Iregui A.M.
Otero Cardona, Jesús Gilberto
Fecha
2017
Directores
ISSN de la revista
Título del volumen
Editor
Blackwell Publishing Ltd
Buscar en:
Métricas alternativas
Resumen
Abstract
We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in unprocessed food products, as opposed to processed foods, other traded and nontraded products. The results also support the view that, except for nontraded products, the speed at which prices adjust to the long-run equilibrium is slower for cities that are farther apart. © 2017 International Association of Agricultural Economists
Palabras clave
Keywords
Commodity price , Econometrics , Food industry , Food processing , Food product , Market conditions , Spatial analysis , Testing method , Time series , Colombia , C33 , Colombia , Distance , E31 , Law of one price , Pairwise , Q11
