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Multiple Inference and Market Integration: An Application to Swedish Fish Markets

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  • Johan Blomquist

Abstract

type="main" xml:id="jage12084-abs-0001"> This paper, in contrast to earlier studies, tests market integration using a methodology that accounts for the multiplicity problem inherent in testing several time series. This method minimises the risk of finding spurious evidence of market integration. We examine market integration among 12 fish species in Sweden by applying cointegration tests, which identify market integration for two separate clusters of species. Furthermore, we find that the Law of One Price holds for 6 of the 12 species considered.

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  • Johan Blomquist, 2015. "Multiple Inference and Market Integration: An Application to Swedish Fish Markets," Journal of Agricultural Economics, Wiley Blackwell, vol. 66(1), pages 221-235, February.
    • Handle: RePEc:bla:jageco:v:66:y:2015:i:1:p:221-235
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    File URL: http://hdl.handle.net/10.1111/jage.2014.66.issue-1
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