Transaction costs in beans market in Brazil

Abstract

This paper aimed to evaluate the presence of transaction costs in the beans market in Brazil. Therefore, threshold autoregressive (TAR) models were used to check co-integration and the existence of transaction costs in the Brazilian beans market. The results confirmed the presence of transaction costs in the beans market, which are mainly related to the freight component of production, since the markets are often far away from the producing regions.

Keywords

• cointegração
• modelo de threshold autoregressivo
• feijão comum.