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 |
|---|---|
| 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
