Ley de precio único en el mercado español del aceite de oliva | Zendy

José Ángel Roldán Casas | Zendy; Rafaela DiosPalomares | Zendy

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Ley de precio único en el mercado español del aceite de oliva

Author(s) -

José Ángel Roldán Casas,

Rafaela DiosPalomares

Publication year - 2011

Publication title -

economía agraria y recursos naturales

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.304

H-Index - 9

eISSN - 2174-7350

pISSN - 1578-0732

DOI - 10.7201/earn.2008.01.03

Subject(s) - cointegration , olive oil , christian ministry , economics , agricultural science , palm oil , humanities , market integration , welfare economics , economy , political science , art , econometrics , environmental science , food science , chemistry , macroeconomics , law

SUMMARY: The aim of this paper is the study of long-run market integration of olive oil in Spain and the testing of the Law of One Price (LOP) in this market. The study is carried out using multivariate cointegration methodology and applied to monthly data on olive oil prices in Spain (1987-2001) corresponding to the regions considered by the Spanish Ministry of Agriculture, Fisheries and Food. The results show that Spanish olive oil markets are highly integrated with the Northeast being the leading market. However, perfect integration cannot be accepted.

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