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Integration of rice markets: the case of southern China


  • ZY. Zhou
  • GH. Wan
  • LB. Chen


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.

Suggested Citation

  • ZY. Zhou & GH. Wan & LB. Chen, 2000. "Integration of rice markets: the case of southern China," Contemporary Economic Policy, Western Economic Association International, vol. 18(1), pages 95-106, January.
  • Handle: RePEc:bla:coecpo:v:18:y:2000:i:1:p:95-106

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    References listed on IDEAS

    1. Durojaiye, Bamidele O. & Aihonsu, John O. Y., 1988. "Market integration and seasonal prices of staple foodstuffs : A case study of Ogun State, Nigeria," Food Policy, Elsevier, vol. 13(4), pages 375-382, November.
    2. Yap, Chan Ling, 1994. "China: rice market reforms," Food Policy, Elsevier, vol. 19(4), pages 367-379, August.
    3. Martin Ravallion, 1986. "Testing Market Integration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 102-109.
    4. Merle D. Faminow & Bruce L. Benson, 1990. "Integration of Spatial Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 49-62.
    5. Uma J. Lele, 1967. "Market Integration: A Study of Sorghum Prices in Western India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(1_Part_I), pages 147-159.
    6. Scott Rozelle & Albert Park & Jikun Huang & Hehui Jin, 1997. "Liberalization and Rural Market Integration in China," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 635-642.
    7. Wu Yanrui, 1994. "Rice Markets in China in the 1990s," Chinese Economies Research Centre (CERC) Working Papers 1994-10, University of Adelaide, Chinese Economies Research Centre.
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    Cited by:

    1. 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.
    2. Ma, Hengyun & Oxley, Les, 2012. "The emergence and evolution of regional convergence clusters in China's energy markets," Energy Economics, Elsevier, vol. 34(1), pages 82-94.
    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, vol. 37(11), pages 4834-4850, November.
    4. Hengyun Ma & Les Oxley & John Gibson, 2008. "Testing for Energy Market Integration in China," Working Papers in Economics 08/12, University of Canterbury, Department of Economics and Finance.
    5. Shengfei Han & Pei He, 2012. "Reforms, WTO, arbitrage efficiency and integration between the China-US soybean markets," China Agricultural Economic Review, Emerald Group Publishing, vol. 4(3), pages 318-341, August.
    6. 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, vol. 23(1), pages 34-46.

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