Inter-Provincial Market Fragmentation and Regional Economic Development in China

This paper measures inter-provincial market fragmentation by adopting an adjusted priced-based approach from the Law of One Price using a three-dimensional panel of annual price on eight goods across 31 provinces in Mainland China during 1999–2015. By using the system Generalized Moment Estimation (...

Full description

Bibliographic Details
Main Authors: Fuzheng Luo, Nengsheng Luo
Format: Article
Language:English
Published: MDPI AG 2020-04-01
Series:Sustainability
Subjects:
Online Access:https://www.mdpi.com/2071-1050/12/8/3399