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Univerza na Primorskem Univerzitetna knjižnica - vsi oddelki (UPUK)
  • Wheat market integratian between Hungary and Slovenia [Elektronski vir]
    Bakucs, Lajos Zoltán ; Bojnec, Štefan ; Fertő, Imre
    The aim of this paper is to investigate producer wheat market integration between the neighbouring net wheat exporting Hungary and net wheat importing Slovenia using monthly wheat producer prices ... from January 2000 to April 2011. Unit root and cointegration tests are employed to assess the time series properties of data, followed by the estimation of a Vector Error Correction model, capturing both the long and short-run dynamics of the system. Likelihood ratio tests for the Vector Error Correction Model are used to test the validity of the law of one price between the neighbouring Hungarian and Slovenian wheat producer prices and the validity of the weak exogeneity of the Hungarian wheat producer prices. The validity of the law of one price is rejected, while the weak exogeneity of the Hungarian wheat producer prices is confirmed meaning that the Hungarian wheat producer prices determine the Slovenian ones on long run.
    Vir: Managing sustainability? [Elektronski vir] : proceedings of the 12th international conference (Str. 659-671)
    Vrsta gradiva - prispevek na konferenci
    Leto - 2011
    Jezik - angleški
    COBISS.SI-ID - 4162007

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