We compare two regime-dependent econometric models for price transmission analysis, namely the threshold vector error correction model and Markov-switching vector error correction model. We first provide a detailed characterization of each of the models which is followed by a comprehensive...

Competitiveness has been a subject of considerable attention in agricultural economics. In this paper we study the development of the international competitiveness of Ukrainian crop production between 1996 and 2001 using the concepts of Domestic Resource Cost and Private Cost Ratio. We...