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Integration of rice markets: the case of southern China
Author(s) -
Zhou ZY.,
Wan GH.,
Chen LB.
Publication year - 2000
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.2000.tb00009.x
Subject(s) - cointegration , market integration , arbitrage , china , economics , government (linguistics) , international economics , business , agricultural economics , financial economics , macroeconomics , econometrics , geography , linguistics , philosophy , archaeology
In this article, integration of rice markets in southern China is analyzed using the cointegration technique and monthly price data. Results show that there is a general lack of integration among the indica rice markets in China. Poor transport facilities, government interventions, and the limited amount of grain available for arbitrage are identified as the major impediments to market integration. Policy implications are discussed.