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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