The lack of market integration in the Chinese beer and wine markets : Evidence from stationarity test

Chi Keung Marco Lau, Zhibin Lin, David Boansi, Jie Kitt Ma

    Research output: Chapter in Book/Report/Conference proceedingChapter

    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).

    Original languageEnglish
    Title of host publicationBrewing, Beer and Pubs
    Subtitle of host publicationA Global Perspective
    PublisherPalgrave Macmillan
    Pages123-144
    Number of pages22
    ISBN (Electronic)9781137466181
    ISBN (Print)9781137466174
    DOIs
    Publication statusPublished - 1 Jan 2016

    Bibliographical note

    Publisher Copyright:
    © Ignazio Cabras, David Higgins and David Preece 2016 and Respective authors 2016.

    Copyright:
    Copyright 2016 Elsevier B.V., All rights reserved.

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