Market Integration in Mozambique : A Non-Parametric Extension to the Threshold Model
نویسنده
چکیده
Mozambique A Non-Parametric Extension to the Threshold Model Bjorn Van Campenhout One of the main drawbacks of current methods to measure market integration is the assumption of constant transaction costs. In this paper, we propose a non-parametric extension to the commonly used threshold models, allowing us to estimate transaction costs in a more flexible way. We illustrate the method using weekly price data on maize collected in selected markets in Mozambique.
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