From: Spatial market integration of rice in Bangladesh in the presence of transaction cost
Market pairs | Test particulars | SupLM1 \(\left( {\hat{\beta }\;\& \;\hat{\gamma }} \right)\) test | |
---|---|---|---|
K = 1 | K = 2 | ||
Mymensingh-Dhaka | SupLM test statistic value | 18.950* | 29.712*** |
Critical values (0.05 level) | 19.381 | 24.789 | |
Residual bootstrap p-value | 0.057 | 0.002 | |
Rajshahi-Dhaka | SupLM test statistic value | 18.401* | 23.288* |
Critical values (0.05 level) | 19.072 | 24.212 | |
Residual bootstrap p-value | 0.065 | 0.073 | |
Khulna-Dhaka | SupLM test statistic value | 19.227* | 24.354* |
Critical values (0.05 level) | 19.735 | 25.179 | |
Residual bootstrap p-value | 0.059 | 0.068 | |
Chattogram-Dhaka | SupLM test statistic value | 18.914* | 22.558* |
Critical values (0.05 level) | 19.226 | 24.322 | |
Residual bootstrap p-value | 0.055 | 0.089 | |
Rajshahi-Mymensingh | SupLM test statistic value | 20.160** | 22.873* |
Critical values (0.05 level) | 18.571 | 23.871 | |
Residual bootstrap p-value | 0.025 | 0.074 | |
Khulna-Mymensingh | SupLM test statistic value | 19.062* | 23.899* |
Critical values (0.05 level) | 19.262 | 24.625 | |
Residual bootstrap p-value | 0.054 | 0.066 | |
Chattogram-Mymensingh | SupLM test statistic value | 21.426** | 25.886** |
Critical values (0.05 level) | 18.695 | 23.800 | |
Residual bootstrap p-value | 0.012 | 0.018 | |
Khulna-Rajshahi | SupLM test statistic value | 23.103*** | 22.456* |
Critical values (0.05 level) | 19.187 | 24.495 | |
Residual bootstrap p-value | 0.006 | 0.096 | |
Chattogram-Rajshahi | SupLM test statistic value | 17.617* | 27.394*** |
Critical values (0.05 level) | 18.739 | 24.028 | |
Residual bootstrap p-value | 0.082 | 0.009 | |
Chattogram-Khulna | SupLM test statistic value | 22.793*** | 23.615* |
Critical values (0.05 level) | 19.246 | 24.494 | |
Residual bootstrap p-value | 0.007 | 0.069 |