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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