The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market
In view of the importance of the meat imports and the exports of meat in Iran, this study focuses on the status of the global market of meat imports the unit price test in these markets between the years 1961 and 2011 using the market cointegration approach. The results of this study are indicat...
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doaj-9466c01ad6a44ee08dafcce73ac208c52020-11-24T22:02:28ZengIslamic Azad UniversityInternational Journal of Agricultural Management and Development2159-58522159-58602014-06-0142157162The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s MarketBehrouz Eskandarpour0Parisa Khaligh Khiyavi1Mohammad Kavoosi Kalashami2Faculty Member of Payam Noor University, Iran.Lecturer of Economics, Rasht Branch, Islamic Azad University, Rasht, Iran.3 Assistant Professor, Department of Agricultural Economics, Faculty of Agricultural Sciences, University of Guilan, Iran.In view of the importance of the meat imports and the exports of meat in Iran, this study focuses on the status of the global market of meat imports the unit price test in these markets between the years 1961 and 2011 using the market cointegration approach. The results of this study are indicative of prices co-integration in the international market of meat as well as among such major importers as the US, Germany, Italy, Japan, France and Russia. However, the important point is that no price co-integration has been observed between the global prices of meat and the import price in Iran’s import market. Moreover, no law of one price has been established in Iran’s import market in the long term; and in this respect, these markets lack the appropriate efficiency.http://www.ijamad.com/4(2)/IJAMADJune2014P157.pdfCointegrationIranMeat marketThe law of one price |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Behrouz Eskandarpour Parisa Khaligh Khiyavi Mohammad Kavoosi Kalashami |
spellingShingle |
Behrouz Eskandarpour Parisa Khaligh Khiyavi Mohammad Kavoosi Kalashami The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market International Journal of Agricultural Management and Development Cointegration Iran Meat market The law of one price |
author_facet |
Behrouz Eskandarpour Parisa Khaligh Khiyavi Mohammad Kavoosi Kalashami |
author_sort |
Behrouz Eskandarpour |
title |
The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market |
title_short |
The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market |
title_full |
The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market |
title_fullStr |
The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market |
title_full_unstemmed |
The Law of One Price and the Cointegration of Meat Price in the Global Market: the Case of Iran’s Market |
title_sort |
law of one price and the cointegration of meat price in the global market: the case of iran’s market |
publisher |
Islamic Azad University |
series |
International Journal of Agricultural Management and Development |
issn |
2159-5852 2159-5860 |
publishDate |
2014-06-01 |
description |
In view of the importance of the meat imports and the
exports of meat in Iran, this study focuses on the status of
the global market of meat imports the unit price test in these
markets between the years 1961 and 2011 using the market
cointegration approach. The results of this study are indicative
of prices co-integration in the international market of meat as
well as among such major importers as the US, Germany,
Italy, Japan, France and Russia. However, the important point
is that no price co-integration has been observed between the
global prices of meat and the import price in Iran’s import
market. Moreover, no law of one price has been established
in Iran’s import market in the long term; and in this respect,
these markets lack the appropriate efficiency. |
topic |
Cointegration Iran Meat market The law of one price |
url |
http://www.ijamad.com/4(2)/IJAMADJune2014P157.pdf |
work_keys_str_mv |
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