Abstract
We illustrate that a statistical model can be used to gauge the degree of market integration. The model is applied to the case of China, which is undergoing transition from a central planning to a market economy and there is a growing interest as to the evolution of its market integration
Original language | English |
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Pages (from-to) | 35-42 |
Number of pages | 8 |
Journal | Economics Letters |
Volume | 79 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 Apr 2003 |
Funding
We are grateful to an anonymous referee for helpful comments. Xinpeng Xu thanks the Hong Kong Polytechnic University for financial support through the University Research Grants (ICRG project no. A-PD22).
Keywords
- China
- Economic growth
- Error components model
- Regional integration