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Integration of rice markets: the case of southern China

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  • ZY. Zhou
  • GH. Wan
  • LB. Chen
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    Abstract

    In this article, integration of rice markets in southern China is analyzed using the cointegration technique and monthly price data. Results show that there is a general lack of integration among the indica rice markets in China. Poor transport facilities, government interventions, and the limited amount of grain available for arbitrage are identified as the major impediments to market integration. Policy implications are discussed. Copyright 2000 Western Economic Association International.

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    Bibliographic Info

    Article provided by Western Economic Association International in its journal Contemporary Economic Policy.

    Volume (Year): 18 (2000)
    Issue (Month): 1 (01)
    Pages: 95-106

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    Handle: RePEc:bla:coecpo:v:18:y:2000:i:1:p:95-106

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    Cited by:
    1. Ma, Hengyun & Oxley, Les, 2012. "The emergence and evolution of regional convergence clusters in China's energy markets," Energy Economics, Elsevier, Elsevier, vol. 34(1), pages 82-94.
    2. Hengyun Ma & Les Oxley & John Gibson, 2008. "Testing for Energy Market Integration in China," Working Papers in Economics, University of Canterbury, Department of Economics and Finance 08/12, University of Canterbury, Department of Economics and Finance.
    3. Ma, Hengyun & Oxley, Les & Gibson, John, 2009. "Gradual reforms and the emergence of energy market in China: Evidence from tests for convergence of energy prices," Energy Policy, Elsevier, Elsevier, vol. 37(11), pages 4834-4850, November.
    4. Shengfei Han & Pei He, 2012. "Reforms, WTO, arbitrage efficiency and integration between the China-US soybean markets," China Agricultural Economic Review, Emerald Group Publishing, Emerald Group Publishing, vol. 4(3), pages 318-341, October.
    5. Liu, Bo & Keyzer, Michiel & van den Boom, Bart & Zikhali, Precious, 2012. "How connected are Chinese farmers to retail markets? New evidence of price transmission," China Economic Review, Elsevier, Elsevier, vol. 23(1), pages 34-46.
    6. World Bank, 2005. "China : Integration of National Product and Factor Markets, Economic Benefits and Policy Recommendations," World Bank Other Operational Studies 8690, The World Bank.

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