From: Spatial market integration of rice in Bangladesh in the presence of transaction cost
Market pairs (right-hand side market is normalized as explanatory market) | Long-run elasticity (β) | Threshold value (γ) | Speed of the adjustment in regime 2 (R2) | |
---|---|---|---|---|
Market I (α1) | Market II (α2) | |||
Mymensingh-Dhaka | 1.098** | − 4.111* | − 0.020 | 0.290** |
Rajshahi-Dhaka | 0.968** | − 3.959* | − 0.019 | − 0.209** |
Khulna-Dhaka | 0.970** | 3.508* | − 0.739*** | 0.304 |
Chattogram-Dhaka | 0.974** | 4.291* | 0.014 | − 0.249*** |
Rajshahi-Mymensingh | 0.868** | − 3.570** | − 0.019 | − 0.121* |
Chattogram-Mymensingh | 0.874** | − 4.129* | − 0.009 | 0.027 |
Khulna-Mymensingh | 0.863** | − 3.649** | − 0.044* | − 0.006 |
Khulna-Rajshahi | 0.991** | 3.151*** | − 0.118** | − 0.041 |
Chattogram-Rajshahi | 1.004** | − 2.067* | − 0.396*** | − 0.149** |
Chattogram-Khulna | 1.001** | − 4.132*** | − 0.128*** | 0.030 |