英文文献:Measuring Market Integration in the Presence of Threshold Effect: The Case of Bangladesh Rice Markets-在存在门槛效应的情况下衡量市场整合:以孟加拉国大米市场为例
英文文献作者:Alam, Mohammad Jahangir,McKenzie, Andrew M.,Buysse, Jeroen,Begum, Ismat Ara,Wailes, Eric J.,Van Huylenbroeck, Guido
英文文献摘要:
Spatial price integration among five major Bangladesh rice markets is examined in the presence of threshold effects to account for the impact of transaction costs in the price adjustment process. Hansen and Seo (2002) threshold cointegration tests and threshold vector error correction models confirm the presence of threshold effects. Results highlight the importance of directing policy goals towards reducing transaction cost to engender greater pricing efficiency in Bangladesh rice markets.
考虑到价格调整过程中交易成本的影响,本文考察了孟加拉国五个主要大米市场之间的空间价格整合。Hansen和Seo(2002)阈值协整检验和阈值向量误差修正模型证实了阈值效应的存在。结果强调了将政策目标导向降低交易成本以提高孟加拉国大米市场定价效率的重要性。


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