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- W2095904511 abstract "M. Bugueiro, B. Brummer, and J. Diaz. 2010. Market integration and price leadership in selected sugar markets. The case of Colombia, Brazil and the world. In the present empirical study we used the Johansen Maximum Likelihood procedure to evaluate spatial market integration !#$%#&'($#$)!*(#+,-#.!/!)01$*2#3$41/1$*#$*5#6!/5#)$7-+&8#9,-#:!,$*&-*#; >?#@!1*+-($ tion approach allowed relating the three market sugar prices in a multivariate cointegrated vector -!#@!-@+1!*#)!5-/8#9,-#/$%#! #!*-#A1@-#$*5#+,-#(-*-$/#A$++-&#! #1*B'-*@-#%--#+-&+-58#9!# &'AA!+#+,-#&+'5C#)!*+,/C#&'($#A1@-#&-1-&# !#+,-#+,--#)$7-+&#$*(1*(# !)# #+!#DEEF#%--# used. The overall empirical results revealed that the null hypothesis of perfect market integration @$**!+#0-#-G-@+-52#%,1@,#1)A/1-&#+,$+#$%#&'($#A1@-&# !)#+,-#+,--#)$7-+&#)!H-#A!A!+1! nally in the long-run following the law of one price. In addition, for the world sugar price the null ,CA!+,-&1&#! #%-$7#-I!(-*-1+C#@$**!+#0-#-G-@+-52#-H15-*@1*(#+,$+#+,-#6!/5#&'($#)$7-+#,$&#+,-# price leadership, whereas the Brazilian and Colombian markets are price followers." @default.
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- W2095904511 date "2010-01-01" @default.
- W2095904511 modified "2023-09-27" @default.
- W2095904511 title "Market integration and price leadership in selected sugar markets. The case of Colombia, Brazil and the world" @default.
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