Testing the Law of One Price on Exports of Tropical Forest Products: A Co-integration Approach
Trade theory often postulates the existence of a representative price, that is, a single price that prevails in all markets. This is known as the Law of One Price (LOP). In this paper the empirical validity of LOP was tested using the recently developed co-integration method for timber exports. Mo...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Universiti Putra Malaysia Press
1995
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3083/1/Testing_the_Law_of_One_Price_on_Exports_of_Tropical_Forest.pdf http://psasir.upm.edu.my/id/eprint/3083/ |
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| Institution: | Universiti Putra Malaysia |
| Language: | English English |