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Integration of EU beef markets. IXth EAAE Congress, Warsaw, Poland, 24-28 August 1999



Integration of EU beef markets. IXth EAAE Congress, Warsaw, Poland, 24-28 August 1999



Integration of EU beef markets IXth EAAE Congress, Warsaw, Poland, 24-28 August 1999: 11 pp.



The integration of EU beef markets is tested using multivariate cointegration testing methodology. Following an introduction the economic concepts of market integration, the Law of One Price and the relationship with the econometric concept of cointegration are examined. Data used are described and the pre testing of the price series' order of integration is discussed. The estimation procedure used and the results of the analysis are documented.

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