TESTING FOR INTEGRATION IN EUROPEAN COMMUNITY AGRICULTURAL PRODUCT MARKETS
运用协整分析检验欧洲共同体农产品市场的空间一体化程度，发现即使扣除货币补偿金额，多个市场仍未实现一体化。
The degree of spatial market integration in European Community agricultural product markets is investigated. The methodology is based on co‐integration analysis. A two‐step testing procedure is applied to test the existence of the ‘Law of One Price’ which should be in force if these markets are truly integrated. The results show that market integration has not been achieved in a number of cases even when MCAs are subtracted from the price series used.