A THRESHOLD COINTEGRATION ANALYSIS OF ASYMMETRIC ADJUSTMENTS IN THE GHANAIAN MAIZE MARKETS
This paper analyzes the long-run equilibrium relationship between retail and wholesale Ghanaian maize prices with cointegration test assuming asymmetric adjustment. Using the Enders-Siklos asymmetric cointegration tests, it is found that the retail and wholesale prices are cointegrated with threshol...
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| Format: | Article |
| Language: | English |
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Russian Journal of Agricultural and Socio-Economic Sciences
2012-08-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
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| Online Access: | http://www.rjoas.com/issue-2012-08/i008_article_2012_04.pdf |