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Regional Differences and Dynamic Evolution of Agricultural Product Market Integration in China

Author

Listed:
  • Fuxing Liu

    (Business School, Huaiyin Normal University, Huaian 223001, China)

  • Yumeng Gu

    (College of Economics and Management, Huazhong Agriculture University, Wuhan 430070, China
    Institute of Horticultural Economics, Huazhong Agriculture University, Wuhan 430070, China
    Hubei Rural Development Research Center, Wuhan 430070, China)

  • Qin Liu

    (Academy of the Zhonghuaminzu Community, Yangtze Normal University, Chongqing 408100, China)

Abstract

The integration of the agricultural product market is of great significance to reducing price fluctuations and improving social welfare. In this study, we employ the relative price method to measure the integration of the agricultural product market in 31 Chinese provinces from 2003 to 2022. We use the Dagum–Gini coefficient and its decomposition and the σ convergence and β convergence models to analyze regional variations, time trends, and convergence. It is found that the degree of integration of the Chinese agricultural product market did not increase continuously but fluctuated with increasing intensity. The spatial differentiation degree of agricultural market integration fluctuated. The integration degree of the agricultural product market has σ convergence, absolute β convergence, and conditional β convergence. The marginal contribution of this study is the systematic analysis of the dynamic evolution and convergence of the integration of the Chinese agricultural product market. In order to improve the integration degree of the agricultural product market, in this paper, we put forward policy suggestions from three aspects: strengthening policy support, optimizing resource allocation, and building agricultural product market information centers.

Suggested Citation

  • Fuxing Liu & Yumeng Gu & Qin Liu, 2025. "Regional Differences and Dynamic Evolution of Agricultural Product Market Integration in China," Agriculture, MDPI, vol. 15(8), pages 1-21, April.
    • Handle: RePEc:gam:jagris:v:15:y:2025:i:8:p:861-:d:1635412
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