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Market integration and economic growth

Author

Listed:
  • Shiqi Lyu
  • Zexian Chen
  • Simei Pan
  • Lianhua Liu

Abstract

This study empirically examines the interplay between market integration and economic growth across nine cities within the Pearl River Delta urban agglomeration. The findings indicate that the city cluster’s market integration negatively impacts regional economic development and has a negligible effect on the surrounding areas. In response, the research recommends the elimination of market trade barriers and a reduction in local protectionism within the city cluster. Additionally, infrastructure enhancement is essential to leverage the distinct comparative advantages of each city within the Pearl River Delta urban agglomeration. An efficient collaboration mechanism is crucial to amplify the collective economic potency of the region.

Suggested Citation

  • Shiqi Lyu & Zexian Chen & Simei Pan & Lianhua Liu, 2023. "Market integration and economic growth," PLOS ONE, Public Library of Science, vol. 18(11), pages 1-23, November.
    • Handle: RePEc:plo:pone00:0294467
    DOI: 10.1371/journal.pone.0294467
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    References listed on IDEAS

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    Cited by:

    1. Nasim Iranmanesh, 2025. "Analysis of financial convergence between the BRICS and OECD countries," PLOS ONE, Public Library of Science, vol. 20(2), pages 1-53, February.

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