The lack of market integration in the Chinese beer and wine markets: Evidence from Stationarity Test.

Lau, M.; Lin, Z.; Boansi, D.; Ma, J.

Abstract

Prior to economic and market reforms, China was a relatively closed society in deep economic stagnation, mainly due to excessive centralized bureaucratic control, misallocation of both investments and outputs, and generally low factor productivity. The reforms introduced in the 1970s aimed at improving the country’s economic situation through reducing (but not eliminating) centralized planning and direct control in order to correct the economic deficiencies (Perkins, 1988).

Citation

Lau, M., Lin, Z., Boansi, D., & Ma, J. (2016). The lack of market integration in the Chinese beer and wine markets: Evidence from Stationarity Test. In I. Cabras, D. Higgins, & D. Preece (Eds.), Brewing, Beer and Pubs: A Global Perspective (123-144). Palgrave Macmillan. https://doi.org/10.1057/9781137466181_7

• Publication Date: 2016
• Deposit Date: Nov 10, 2017
• Publisher: Palgrave Macmillan
• Pages: 123-144
• Book Title: Brewing, Beer and Pubs: A Global Perspective.
• Chapter Number: 6
• ISBN: 9781349691012
• DOI: https://doi.org/10.1057/9781137466181_7
• Public URL: https://durham-repository.worktribe.com/output/1637229