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Data indicate that its domestic price in Indonesia has been increasing regardless of movements in the international … price of wheat. A test for asymmetric price transmission from international wheat to domestic wheat flour markets is … conducted using an error correction model and find the presence of asymmetric price transmission. The upward adjustment in the …
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A market regime-switching model is developed that has rate of trade identified using a rent-weighted approach. The model also indirectly accounts for the impacts of other competitors through separate specifications of variation parameters across alternate seasons. Commodity futures prices are...
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