01919cas a2200325 a 4500 AALejournalIMF015539 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513509969 1018-5941 BD-DhAAL BD-DhAAL Goes, Carlos. Domestic Market Integration and the Law of One Price in Brazil / Carlos Goes, Troy Matheson. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (11 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents the first assessment domestic market integration in Brazil using the law of one price. The law of one price is tested using two panel unit root methodologies and a unique data set comprising price indices for 51 products across 11 metro-areas. We find that the law of one price holds for most tradable products and, not surprisingly, non-tradable products are found to be less likely to satisfy the law of one price. While these findings are consistent with evidence found for other countries, price convergence occurs very slowly in Brazil, suggesting relatively limited domestic market integration. Mode of access: Internet Domestic Market Integration imf Law Of One Price imf Null Hypothesis imf Panel Cointegration imf WP imf Brazil imf Matheson, Troy. IMF Working Papers; Working Paper ; No. 2015/213 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/213/001.2015.issue-213-en.xml IMF e-Library