Regional integration of nineteenth century U.S. egg markets

Teresa Serra, Barry K. Goodwin

Research output: Contribution to journalArticlepeer-review


Multivariate assymetric threshold vector error correction models are applied to a historical analysis of the regional integration of U.S. markets for eggs at the turn of the nineteenth century. Two general approaches to the selection of the thresholds are considered. The fast criterion ignores the cross equation correlation while the latter explicitly accounts for it. Our results suggest that threshold behaviour characterises spatial price linkages between the markets analysed.

Original languageEnglish (US)
Pages (from-to)59-74
Number of pages16
JournalJournal of Agricultural Economics
Issue number1
StatePublished - Mar 2004
Externally publishedYes

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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