Testing Onion Market Integration in Pakistan
This paper analyses spatial market integration using monthly wholesale real price of onion in four regional markets located in each of the four provinces of Pakistan. Unit root test indicates that the price series in each location are stationary, and the series are represented as autoregressive model for eachlocation. The error correction model results show that the regional markets of onion have strong price linkages, and thus are spatially integrated.
Volume (Year): 44 (2005)
Issue (Month): 4 ()
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