IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v93y2026ics1544612326001510.html

Analysis of the economic effects of China's construction of a unified national market

Author

Listed:
  • Ren, Xingwei

Abstract

This article empirically examines the impact of China's construction of a unified national market on economic development by reviewing relevant literature and measuring the degree of integration of the unified national market. The study finds that there is a significant Granger causality difference between the impact of the commodity market integration index and the labor market integration index on economic development in China. Further research results indicate that in China, the commodity market integration index has a significant inhibitory effect on economic development, while the labor market integration index has no significant impact on economic development, and this impact exhibits significant heterogeneity within and outside economic circles. According to the theories of transaction costs and economies of scale, constructing a unified national market can effectively reduce the transaction costs of cross-regional commodity and factor flows, help enterprises grow larger and stronger, and achieve economies of scale. However, due to the influence of institutional, historical, and human factors, China's current commodity market integration index and labor market integration index are both relatively low, which has not promoted economic development.

Suggested Citation

  • Ren, Xingwei, 2026. "Analysis of the economic effects of China's construction of a unified national market," Finance Research Letters, Elsevier, vol. 93(C).
    • Handle: RePEc:eee:finlet:v:93:y:2026:i:c:s1544612326001510
    DOI: 10.1016/j.frl.2026.109620
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612326001510
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2026.109620?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:93:y:2026:i:c:s1544612326001510. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.