Modeling transaction costs is of particular importance when analyzing price integration in developing countries. Spatial price integration among five major Bangladesh rice markets are examined over the post-liberalization period that covered a long time span from January 1999 to December 2021,...

Spatial price integration among five major Bangladesh rice markets is examined in the presence of threshold effects to account for the impact of transaction costs in the price adjustment process. Hansen and Seo (2002) threshold cointegration tests and threshold vector error correction models...