Nakajima, Toru - In: Margin: The Journal of Applied Economic Research 6 (2012) 3, pp. 337-360
This paper econometrically analyses the profi tability of Malaysia and Indonesia in exporting crude palm oil (CPO) and refi ned palm oil (RPO) by estimating asymmetric price transmission using a cointegration threshold autoregressive (TAR) model. The empirical results show that Malaysia’s...