Testing the effects of the Japanese vehicle emission-control law on the international palladium futures market

Kentaka Aruga, Shunsuke Managi

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

This paper tested the effects of the 2005 vehicle emission-control law issued in Japan on the market linkages between the U.S. and Japanese palladium futures markets, To determine these effects, we applied a cointegration test both with and without break points in the time series and found that the market linkages between the two countries changed after the break in October 2005. Our results show that the 2005 long-term regulation of vehicle emissions enacted in Japan influenced the international palladium futures market.

Original languageEnglish
Pages (from-to)1198-1207
Number of pages10
JournalEconomics Bulletin
Volume32
Issue number2
Publication statusPublished - 2012 Dec 1

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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