IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9781800611238_0003.html
   My bibliography  Save this book chapter

The Decline of China’s Intraregional Market Integration in the Qing Dynasty

In: Institutional Change and China Capitalism Frontier of Cliometrics and its Application to China

Author

Listed:
  • Chuantao Cui
  • Xiao Yang
  • Hui Xiong

Abstract

This chapter shows that China’s intraregional market integration was on the decline during the Industrial Revolution era when Western Europe went through an increasing market integration based upon econometric analysis. We present a unified theoretical framework which can help understand the concept of market integration more clearly. Beyond traditional measures, we propose and apply a new method to estimate the market integration intensity: the arbitrage cost between two prefectures and the associated arbitrage probability. All empirical results are consistent with the conclusion of a decreasing intraregional market integration in Qing China.

Suggested Citation

  • Chuantao Cui & Xiao Yang & Hui Xiong, 2022. "The Decline of China’s Intraregional Market Integration in the Qing Dynasty," World Scientific Book Chapters, in: Antoine Le Riche & Antoine Parent & Lei Zhang (ed.), Institutional Change and China Capitalism Frontier of Cliometrics and its Application to China, chapter 3, pages 31-51, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800611238_0003
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9781800611238_0003
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9781800611238_0003
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    China; Macroeconomics; Cliometrics; Institutional Economics; Complexity; Economics; International Trade; Applied Econometrics; Econometrics; Empirical Finance; Behavioral Finance; Economic History; Sociology; Gender Studies;
    All these keywords.

    JEL classification:

    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F10 - International Economics - - Trade - - - General
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9781800611238_0003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.