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Integration of rice markets: the case of southern China

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  • ZY. Zhou
  • GH. Wan
  • LB. Chen

Abstract

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.

Suggested Citation

  • ZY. Zhou & GH. Wan & LB. Chen, 2000. "Integration of rice markets: the case of southern China," Contemporary Economic Policy, Western Economic Association International, vol. 18(1), pages 95-106, January.
    • Handle: RePEc:bla:coecpo:v:18:y:2000:i:1:p:95-106
    DOI: 10.1111/j.1465-7287.2000.tb00009.x
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    References listed on IDEAS

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    Cited by:

    1. Ma, Hengyun & Oxley, Les, 2012. "The emergence and evolution of regional convergence clusters in China's energy markets," Energy Economics, Elsevier, vol. 34(1), pages 82-94.
    2. Jensen, Robert T., 2009. "Information, Efficiency And Welfare In Agricultural Markets," 2009 Conference, August 16-22, 2009, Beijing, China 53206, International Association of Agricultural Economists.
    3. Shengfei Han & Pei He, 2012. "Reforms, WTO, arbitrage efficiency and integration between the China‐US soybean markets," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 4(3), pages 318-341, August.
    4. Hengyun Ma & Les Oxley & John Gibson, 2008. "Testing for Energy Market Integration in China," Working Papers in Economics 08/12, University of Canterbury, Department of Economics and Finance.
    5. Liu, Bo & Keyzer, Michiel & van den Boom, Bart & Zikhali, Precious, 2012. "How connected are Chinese farmers to retail markets? New evidence of price transmission," China Economic Review, Elsevier, vol. 23(1), pages 34-46.
    6. Ma, Hengyun & Oxley, Les & Gibson, John, 2010. "China's energy economy: A survey of the literature," Economic Systems, Elsevier, vol. 34(2), pages 105-132, June.
    7. World Bank, 2005. "China : Integration of National Product and Factor Markets, Economic Benefits and Policy Recommendations," World Bank Publications - Reports 8690, The World Bank Group.
    8. Ma, Hengyun & Oxley, Les & Gibson, John, 2009. "Gradual reforms and the emergence of energy market in China: Evidence from tests for convergence of energy prices," Energy Policy, Elsevier, vol. 37(11), pages 4834-4850, November.

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