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The Lack of Market Integration in the Chinese Beer and Wine Markets: Evidence from Stationarity Test

Lau, Marco Chi Keung, Lin, Zhibin, Boansi, David and Ma, Jie Kitt (2016) The Lack of Market Integration in the Chinese Beer and Wine Markets: Evidence from Stationarity Test. In: Brewing, Beer and Pubs. Palgrave Macmillan, pp. 123-144. ISBN 9781137466174

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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).

Item Type: Book Chapter
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Schools: Huddersfield Business School
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Depositing User: Jonathan Cook
Date Deposited: 14 Nov 2017 14:58
Last Modified: 14 Nov 2017 14:58
URI: http://eprints.hud.ac.uk/id/eprint/33896

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