Regional and international market integration of a small open economy

Article OPEN
Sebastian Fossati; Fernando Lorenzo; Cesar M. Rodríguez;
(2007)
  • Journal: Journal of Applied Economics,volume 10,issue May,pages77-98
  • Subject: commodity prices, law of one price, market integration, cointegration
    • jel: jel:Q11 | jel:C5 | jel:F15

This paper studies the relationship between a set of commodity prices in a small open economy like Uruguay and the corresponding international and regional prices. The empirical methodology used is the multivariate cointegration procedure based on maximum likelihood met... View more
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