Mengel, Caroline; Cramon-Taubadel, Stephan von - 2014
cointegration and price transmission. A border separating two markets reduces the probability of cointegration of price series by 23 …% compared with markets located in the same country. 1000 kilometers of distance reduces the probability of cointegration by 7 … economically insignificant for international market pairs. Maize price pairs are less often cointegrated compared to rice prices …