MARKET INTEGRATION IN WHOLESALE MAIZE MARKETS IN PAKISTAN

This study tests long-run spatial market integration between price pairs of maize in four regional markets of Pakistan using cointegration and Error-Correction Model (ECM) approach. Hypotheses tests of market integration and causality are conducted using monthly wholesale maize prices in logarithmic form over the period from January1995 to December 2005. The results show that the regional markets of maize have strong price linkages and thus are spatially integrated. Lahore market dominates with price formation in the other three regional markets.

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Year of publication:	2008
Authors:	MUKHTAR, Tahir ; JAVED, Muhammad Tariq
Published in:	Regional and Sectoral Economic Studies. - Euro-American Association of Economic Development. - Vol. 8.2008, 2, p. 85-98
Publisher:	Euro-American Association of Economic Development
Subject:	Market Integration \| Maize \| Cointegration \| Granger Causality

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Type of publication:	Article
Classification:	C22 - Time-Series Models ; Q13 - Agricultural Markets and Marketing; Cooperatives; Agribusiness
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005607467