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Unified market construction and regional coordinated development: Evidence from the integration of China’s public resource trading platforms

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  • Yang, Wenyi
  • Chen, Yiting

Abstract

Reforms in public resource transactions are crucial for improving interregional resource allocation and fostering a unified national market. Since 2015, local governments have gradually advanced the integration of public resource trading platforms, yet empirical evidence on the effectiveness of these reforms remains limited. This study employs a staggered difference-in-differences (DID) design to evaluate the impact of platform integration on regional coordinated development. The results show that integrating public resource trading platforms significantly promotes regional coordination. The effects are stronger for commodity transactions with high liquidity, competitive bidding, and greater bidder participation. Spatially, the policy impact is more evident in southern and eastern regions and in areas with greater bureaucratic mobility. Mechanism analysis demonstrates that platform integration enhances regional coordination by improving interregional market integration, standardizing transaction procedures, and increasing information transparency. These findings offer meaningful policy implications for China and other economies seeking to address domestic market fragmentation and strengthen regional coordination.

Suggested Citation

  • Yang, Wenyi & Chen, Yiting, 2026. "Unified market construction and regional coordinated development: Evidence from the integration of China’s public resource trading platforms," Economic Analysis and Policy, Elsevier, vol. 90(C), pages 549-575.
    • Handle: RePEc:eee:ecanpo:v:90:y:2026:i:c:p:549-575
    DOI: 10.1016/j.eap.2026.01.033
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    Keywords

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    JEL classification:

    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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