中国省区市场整合研究基于截面相关的面板单位根的实证分析.docVIP

中国省区市场整合研究——基于截面相关的面板单位根的实证分析 On China’s Provincial Market Integration ---- Based on the Panel Date Unit Root Study of Cross-section Dependence ZHANG Ying-wu (Lingnan College of Sun Yat-Sen University, Guangzhou ) Abstract：Based on the empirical research of price level in 31 provinces of mainland China from 1984 to 2008 through the panel data unit root test method of cross-section dependence, the paper found the commodity price of China’s provincial districts have a tendency of convergence，which showed provincial markets are integrative. Moreover, the factors that drive market integrati