University of Sussex
Browse

File(s) not publicly available

Cointegration and market integration: an application to the Indonesian rice market

journal contribution
posted on 2023-06-08, 12:23 authored by Carol AlexanderCarol Alexander, John Wyeth
This article suggests improvements in the use of regression analysis to measure spatial market integration. The procedure pioneered by Ravallion is still widespread but is valid only under certain conditions of exogeneity. The alternative offered here is an error-correction mechanism which makes it possible to test for exogeneity as well as indicating the direction and strength of causality in price formation between markets. The method is illustrated with data on rice prices in different parts of the Indonesian market. The results confirm, among other things, that supply sources are more important than demand sources in driving prices.

History

Publication status

  • Published

Journal

The Journal of Development Studies

ISSN

0022-0388

Publisher

Taylor & Francis

Issue

2

Volume

30

Page range

303-334

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-09-25

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC