Browsing by Author "Sivapuile, Param"

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    Testing for market integration: a multiple cointegration approach
    (Latrobe University, 1992-08) Sivapuile, Param; Jayasuriya, Sisira
    In this paper we demonstrate the use of Johansen's multiple cointegration technique as a test for market integration. We argue that this method overcomes many of the limitations of previous techniques for testing market integration. An application of this test to the Philippines rice markets indicates that these markets are well integrated.