文章基本信息

标题：Integração espacial de mercados na presença de custos de transação: um estudo para o mercado de boi gordo em Minas Gerais e São Paulo
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作者：Mattos, Leonardo Bornacki de ; Lima, Joao Eustaquio de ; Lirio, Viviani Silva 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2009
卷号：40
期号：3
页码：249-274
出版社：Food Distribution Research Society
摘要：The analysis of market integration of agricultural commodities based on price information are limited because the effects of transaction costs are not considered in the adjustment process. The main objective of this paper was to estimate the possible transaction costs impacts on market integration of beef cattle between the states of Minas Gerais and São Paulo. It was estimated a Threshold Vector Error Correction Model (TVEC model) using monthly price data for the period from January 1972 to August 2005. The results indicated the presence of threshold cointegration implying that transaction costs have important effect on the price adjustment process.
关键词：market integration;transaction costs;beef cattle;TVEC model;threshold cointegration