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Agricultural and Food Economics

Table 4 Long-run elasticity and the speed of adjustment coefficients

From: Spatial market integration of rice in Bangladesh in the presence of transaction cost

Market pairs (right hand is normalized as explanatory market)

Long-run elasticity (β)

Speed of the adjustments

Market I (α1)

Market II (α2)

Mymensingh-Dhaka

0.823***

− 0.321***

0.107**

Rajshahi-Dhaka

1.358***

0.008

0.079**

Khulna-Dhaka

0.869***

− 0.108**

0.143***

Chattogram-Dhaka

0.814***

− 0.091**

0.060*

Rajshahi-Mymensingh

2.182***

0.131***

− 0.192***

Chattogram-Mymensingh

1.206***

− 0.089**

0.019

Khulna-Mymensingh

1.627***

− 0.158***

0.120***

Khulna-Rajshahi

0.695***

− 0.115***

0.069*

Chattogram-Rajshahi

0.916***

− 0.492***

0.109**

Chattogram-Khulna

1.976***

− 0.112***

0.040

  1. *, ** and *** indicate that the null hypotheses are rejected at 1%, 5% and 10% level of significant, respectively; Market I and Market II indicate the first and second market in each market pair, for example in Mymensingh-Dhaka market pair, Mymensingh is Market I and Dhaka is Market II
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