Abstract
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.
Original language | English |
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Pages (from-to) | 169-171 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 106 |
Issue number | 3 |
DOIs | |
Publication status | Published - Mar 2010 |