TESTING FOR PHILIPPINES RICE MARKET INTEGRATION: A MULTIPLE COINTEGRATION APPROACH
展示了Johansen多重协整技术作为空间市场整合检验的方法，应用于菲律宾大米市场，发现长期整合良好且马尼拉为主导市场，但短期存在其他重要区域关系。
In this paper we demonstrate the use of Johansen's multiple cointegration technique as a test for spatial market integration. We argue that this technique overcomes many of the limitations of previous methods for testing market integration. An application of this approach to the Philippines rice markets indicates that these markets are generally well integrated in the long‐run with Manila as the dominant market. However, there are other inter‐regional relationships which are important in the short term.