Smooth transition effects in price transmission: The case of international wheat export prices
Ghoshray, A., 2010. Smooth transition effects in price transmission: The case of international wheat export prices. Economics Letters, 106 (3), pp. 169-171.
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International wheat prices are tested for cointegration allowing for exponential smooth transition adjustment. The results suggest that owing to transactions costs, it is plausible that arbitrage will be greater, the further the prices deviate from each other.
|Departments||Faculty of Humanities & Social Sciences > Economics|
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