Spatial market integration and the dynamics of transaction costs in the Chinese soy bean market

Stephan Brosig, Enno-Burghard Weitzel, and Thomas Glauben (Leibniz-Institute of Agricultural Development in Central and Eastern Europe, Halle, Germany), Tigran Poghosyan (Department of Economics, University of Groningen, Groningen, The Netherlands), Scott Rozelle (Shorenstein APARC, Stanford University, USA)

The development over time of market integration between Chinese provinces is analyzed by estimating threshold vector error correction models for rolling windows during 1998-2003. Transaction costs clearly decrease during this period characterized by liberalization of external trade and domestic markets.

MoreLess

Year of publication:	September 2007
Authors:	Brosig, Stephan ; Weitzel, Enno-Burghard ; Glauben, Thomas ; Poghosyan, Tigran ; Rozelle, Scott
Publisher:	[Rajshahi]
Subject:	Threshold Cointegration \| Spatial Market Integration \| China \| Transaction Costs \| Transaktionskosten \| Transaction costs \| Marktintegration \| Market integration \| Kointegration \| Cointegration