文献类型：期刊文献

英文题名：Domestic Market Integration in China: The Role of the Financial Sector

作者：Yang, Zhou[1];Ye, Zhiqiang[2]

机构：[1]Robert Morris Univ, Dept Econ & Legal Studies, 233 Massey Hall,6001 Univ Blvd, Moon Township, PA 15108 USA;[2]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China

年份：2016

卷号：49

期号：5

起止页码：343

外文期刊名：CHINESE ECONOMY

收录：WOS:【ESCI(收录号:WOS:000390882000004)】；

语种：英文

外文关键词：financial sector development; local governments in China; market integration

摘要：Market integration in China has attracted substantial public attention, but little is known about the role that the financial sector plays in this process. This article is the first to empirically examine the effect of financial sector development on spatial market integration in China. Moreover, it explores the differential impacts of financial sector development across regions. Surprisingly, our results show that the development of the financial sector undermines spatial market integration in China due to local protectionism and strategic behavior. Further, the effects of various factors on market integration differ between economically developed and undeveloped areas.