Integration of rice markets: the case of southern China
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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Volume (Year): 18 (2000)
Issue (Month): 1 (January)
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