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between domestic Brazilian prices and international prices as well as spot and futures prices in Brazil. Econometric time … particularly noticeable after 2002, when expanding corn production in Brazil was leading to greater participation in the …
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. -- Panel data ; pair-wise approach ; market integration ; gasoline ; speed of adjustment …
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This paper presents the first assessment domestic market integration in Brazil using the law of one price. The law of … one price is tested using two panel unit root methodologies and a unique data set comprising price indices for 51 products … for other countries, price convergence occurs very slowly in Brazil, suggesting relatively limited domestic market …
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