• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Norges Handelshøyskole
  • Centre for Applied Research at NHH (SNF)
  • Reports (SNF)
  • Vis innførsel
  •   Hjem
  • Norges Handelshøyskole
  • Centre for Applied Research at NHH (SNF)
  • Reports (SNF)
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Tests for market integration and the law of one price : the market for whitefish in France

Asche, Frank; Gordon, Daniel V.; Hannesson, Rögnvaldur
Research report
Thumbnail
Åpne
R58_02.pdf (138.6Kb)
Permanent lenke
http://hdl.handle.net/11250/164491
Utgivelsesdato
2003-01
Metadata
Vis full innførsel
Samlinger
  • Reports (SNF) [542]
Sammendrag
This paper examines the relationship between causality models and cointegration models in testing for price integration and the Law of One Price (LOP). In our review, we show that cointegration models, which allow for nonstationarity in prices, are a natural extension of the traditional causality methods and not an alternative approach. Hence, the two approaches investigate the same economic hypotheses however, the choice of modeling method depends on the times series properties of the data. An empirical analysis is provided using prices for the whitefish market in France. With nonstationary price data the causality approach over rejects the hypothesis of the LOP whereas, conintegration models provide evidence for a well-integrated whitefish market. What is more, a generalized version of the composite commodity theorem holds and prices of most whitefish species can be aggregated into a single commodity price index. Salmon does not belong to the whitefish market in France.
Utgiver
SNF/Centre for Fisheries Economics
Serie
Report
2002:58
Report
82

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit