China’s Internal Borders: Evidence from the Business Cycle Correlations across Chinese Cities | |
Ying Fang ; Li Qi ; Zhongjian Lin | |
2013-11-08 | |
出处 | http://www.wise.xmu.edu.cn/paperInfor.asp?id=175 |
英文摘要 | We measure the correlations between two cities’ real GDP growth rates (a measure of business cycle correlations) to capture the degree of segmentation across China’s provincial and regional borders. This type of segmentation can be caused by local protectionism as well as other economic and geographic factors that affect business cycle correlations between two cities. After controlling these other factors, we are able to pin down the border effect that is due to local protectionism: administrative border effect. We find that the inter-provincial administrative border effect first rose and then gradually declined in the period between 1991 and 2007. Further, its increase coincided with the introduction of the Tax Sharing System reform, which started in 1994. This administrative border effect declined steadily in recent years as the tax reform was fully instituted. Our analysis shows that China’s reform path (under market-preserving federalism) did not create a persistent provincial “administrative border effect” that debilitated market forces. KEYWORDS: Border effect, Market integration, Business cycle correlation |
语种 | 中文 |
内容类型 | 研究报告 |
源URL | [http://dspace.xmu.edu.cn/handle/2288/56806] |
专题 | 王亚南院-工作文稿 |
推荐引用方式 GB/T 7714 | Ying Fang,Li Qi,Zhongjian Lin . China’s Internal Borders: Evidence from the Business Cycle Correlations across Chinese Cities. 2013. |
个性服务 |
查看访问统计 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论