TY - JOUR
T1 - Smooth transition effects in price transmission: The case of international wheat export prices
AU - Ghoshray, Atanu
PY - 2010/3
Y1 - 2010/3
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=76349105929&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1016/j.econlet.2009.11.011
U2 - 10.1016/j.econlet.2009.11.011
DO - 10.1016/j.econlet.2009.11.011
M3 - Article
SN - 0165-1765
VL - 106
SP - 169
EP - 171
JO - Economics Letters
JF - Economics Letters
IS - 3
ER -