Skip to main content

Table 6 Bounds test for nonlinear cointegration

From: Market integration and asymmetric price transmission in selected domestic markets for major staple foods in Uganda

Commodity (market)

Causal direction

Linear ARDL

Nonlinear ARDL

Vertical transmission

 Matoke (Kampala)

WP =  > RP

17.7173

13.6787

 Beans (Kampala)

WP =  > RP

12.3948

42.9416

 Maize (Masindi)

WP =  > RP

31.3756

15.0223

Spatial transmission

 Matoke

WP_Kampala =  > WP_Mbarara

56.4128

43.0599

WP_Mbarara =  > RP_Kampala

7.7522

15.5272

 Beans

WP_Masindi =  > WP_Kampala

4.2841

14.0387

WP_Masindi =  > RP_Kampala

2.9737

15.5779

 Maize

WP_Masindi =  > RP_Kampala

25.9836

19.4356

WP_Tororo =  > RP_Kampala

8.2750

6.3638

 Significance

   

  LCB

1%

4.94

4.13

5%

3.62

3.10

  UCB

1%

5.58

5.00

5%

4.16

3.87

  1.  =  > denotes a unidirectional relationship