Testing for spatial market integration: evidence for Colombia using a pairwise approach

We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in un...

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Autores:
Tipo de recurso:
Fecha de publicación:
2017
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/23896
Acceso en línea:
https://doi.org/10.1111/agec.12371
https://repository.urosario.edu.co/handle/10336/23896
Palabra clave:
Commodity price
Econometrics
Food industry
Food processing
Food product
Market conditions
Spatial analysis
Testing method
Time series
Colombia
C33
Colombia
Distance
E31
Law of one price
Pairwise
Q11
Rights
License
Abierto (Texto Completo)
id EDOCUR2_3ebdfffc11cf69b68b868db857bccf30
oai_identifier_str oai:repository.urosario.edu.co:10336/23896
network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
spelling 90d9190c-f3be-4e29-8ba9-2da98480207b792428146002020-05-26T00:06:28Z2020-05-26T00:06:28Z2017We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in unprocessed food products, as opposed to processed foods, other traded and nontraded products. The results also support the view that, except for nontraded products, the speed at which prices adjust to the long-run equilibrium is slower for cities that are farther apart. © 2017 International Association of Agricultural Economistsapplication/pdfhttps://doi.org/10.1111/agec.12371https://repository.urosario.edu.co/handle/10336/23896engBlackwell Publishing Ltd753No. 6743Agricultural Economics (United Kingdom)Vol. 48Agricultural Economics (United Kingdom), Vol.48, No.6 (2017); pp. 743-753https://www.scopus.com/inward/record.uri?eid=2-s2.0-85025102014&doi=10.1111%2fagec.12371&partnerID=40&md5=732885001cfa29abdd8dadaf1582bd88Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURCommodity priceEconometricsFood industryFood processingFood productMarket conditionsSpatial analysisTesting methodTime seriesColombiaC33ColombiaDistanceE31Law of one pricePairwiseQ11Testing for spatial market integration: evidence for Colombia using a pairwise approacharticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Iregui A.M.Otero Cardona, Jesús Gilberto10336/23896oai:repository.urosario.edu.co:10336/238962022-05-02 07:37:16.891219https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Testing for spatial market integration: evidence for Colombia using a pairwise approach
title Testing for spatial market integration: evidence for Colombia using a pairwise approach
spellingShingle Testing for spatial market integration: evidence for Colombia using a pairwise approach
Commodity price
Econometrics
Food industry
Food processing
Food product
Market conditions
Spatial analysis
Testing method
Time series
Colombia
C33
Colombia
Distance
E31
Law of one price
Pairwise
Q11
title_short Testing for spatial market integration: evidence for Colombia using a pairwise approach
title_full Testing for spatial market integration: evidence for Colombia using a pairwise approach
title_fullStr Testing for spatial market integration: evidence for Colombia using a pairwise approach
title_full_unstemmed Testing for spatial market integration: evidence for Colombia using a pairwise approach
title_sort Testing for spatial market integration: evidence for Colombia using a pairwise approach
dc.subject.keyword.spa.fl_str_mv Commodity price
Econometrics
Food industry
Food processing
Food product
Market conditions
Spatial analysis
Testing method
Time series
Colombia
C33
Colombia
Distance
E31
Law of one price
Pairwise
Q11
topic Commodity price
Econometrics
Food industry
Food processing
Food product
Market conditions
Spatial analysis
Testing method
Time series
Colombia
C33
Colombia
Distance
E31
Law of one price
Pairwise
Q11
description We examine the extent of spatial market integration in Colombia using consumer price index data for 153 consumer goods in 13 cities. An econometric analysis of the time-series properties of all the possible city price differentials reveals that market integration tends to occur more frequently in unprocessed food products, as opposed to processed foods, other traded and nontraded products. The results also support the view that, except for nontraded products, the speed at which prices adjust to the long-run equilibrium is slower for cities that are farther apart. © 2017 International Association of Agricultural Economists
publishDate 2017
dc.date.created.spa.fl_str_mv 2017
dc.date.accessioned.none.fl_str_mv 2020-05-26T00:06:28Z
dc.date.available.none.fl_str_mv 2020-05-26T00:06:28Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1111/agec.12371
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/23896
url https://doi.org/10.1111/agec.12371
https://repository.urosario.edu.co/handle/10336/23896
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.citationEndPage.none.fl_str_mv 753
dc.relation.citationIssue.none.fl_str_mv No. 6
dc.relation.citationStartPage.none.fl_str_mv 743
dc.relation.citationTitle.none.fl_str_mv Agricultural Economics (United Kingdom)
dc.relation.citationVolume.none.fl_str_mv Vol. 48
dc.relation.ispartof.spa.fl_str_mv Agricultural Economics (United Kingdom), Vol.48, No.6 (2017); pp. 743-753
dc.relation.uri.spa.fl_str_mv https://www.scopus.com/inward/record.uri?eid=2-s2.0-85025102014&doi=10.1111%2fagec.12371&partnerID=40&md5=732885001cfa29abdd8dadaf1582bd88
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Blackwell Publishing Ltd
institution Universidad del Rosario
dc.source.instname.spa.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
_version_ 1814167463513817088

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