A Study on Integration Degree of Tradable Goods and Service Market of China's 36 Cities

DOI

10.2991/ichssr-16.2016.32How to use a DOI?

Keywords

market integration, Gini coefficient, law of one price, tradable goods

Abstract

This paper measures China's market integration by the price difference among regions of eight categories of goods and service. We select tradable goods price data of China's 36 cities in twelve years. We calculate the overall and classified Gini coefficients to analyze integration level of China's market and classified goods and service markets. The result shows that the market price difference among regions is not very large and presents decrease trend, which indicates that China's market integration level is increasingly high. In addition, the market integration levels of foods, household equipment and supplies, alcohol and tobacco are very high, which have contributed to the realization of regional market integration.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Mingming Liu
AU  - Yanzhen Wang
AU  - Xiumin Li
PY  - 2016/07
DA  - 2016/07
TI  - A Study on Integration Degree of Tradable Goods and Service Market of China's 36 Cities
BT  - Proceedings of 2016 2nd International Conference on Humanities and Social Science Research (ICHSSR 2016)
PB  - Atlantis Press
SP  - 150
EP  - 154
SN  - 2352-5398
UR  - https://doi.org/10.2991/ichssr-16.2016.32
DO  - 10.2991/ichssr-16.2016.32
ID  - Liu2016/07
ER  -