Evidence of non-linear price transmission between maize markets in Mexico and the US

The present work provides evidence that non linear co-integration between Mexico and the US maize prices exists, at country and regional level. The models suggest that Mexican prices adjust at changes in US prices. Despite asymmetry was statistically rejected, it is likely that it might occur for thriving parameters different that zero in the error correction term. The results suggest on which way the research might be improved in order to assess such co-integration relationship accurately.


Issue Date:
2009
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/51366
Total Pages:
23
JEL Codes:
C32; Q11; Q13
Series Statement:
Contributed Paper
531




 Record created 2017-04-01, last modified 2017-04-26

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