We assess market integration and price transmission of perishable agricultural produce in Sub-Saharan Africa by studying Ghanaian tomato markets which are characterized by pronounced seasonality in production and trade flows. We analyse the tomato markets of Ghana by simultaneously regarding its...

The paper examines the short-run and the long-run impacts of net international reserves on the real gross domestic product of Jamaica from 1990 to 2011. The variables used in this study are the logarithms of exchange rate, imports, foreign reserves, government capital expenditure, real gross...

There are simple well-known conditions for the validity of regression and correlation as statistical tools. We analyse by examples the effect of nonstationarity on inference using these methods and compare them to model based inference using the cointegrated vector autoregressive model. Finally...