Have unequal treaties fostered domestic market integration in Late Imperial China ?

Jean-Louis Combes, Mary-Françoise Renard () and Shuo Shi
Additional contact information
Mary-Françoise Renard: CERDI - Centre d'Études et de Recherches sur le Développement International - UCA [2017-2020] - Université Clermont Auvergne [2017-2020] - CNRS - Centre National de la Recherche Scientifique
Shuo Shi: CCES - China Center for Economic Studies, Fudan University

Working Papers from HAL

Abstract: The objective of the paper is to study the relationship between international trade openness and domestic market integration in Late Imperial China. More specifically, we focus on a natural experiment namely the Unequal Treaties of the second half of the nineteenth century that lifted the long-existing international trade restriction system. The integration of domestic markets is analyzed while looking at the existence of a long term common movement in the grain prices between provinces. The econometric results show that trade openness did not lead to better integration of the Chinese domestic grain markets. Our results support the hypothesis according to which long-distance trade has not generated efficiency gains in domestic markets. We evidence a strong segmentation between domestic and international grain markets owing to different traded products and operators.

Keywords: Market integration; Law of one prices; Late Imperial China (search for similar items in EconPapers)
Date: 2020-05-25
New Economics Papers: this item is included in nep-cna and nep-his
Note: View the original document on HAL open archive server: https://uca.hal.science/hal-02619286
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://uca.hal.science/hal-02619286/document (application/pdf)

Related works:
Chapter: Have Unequal Treaties Fostered Domestic Market Integration in Late Imperial China? (2022)
Working Paper: Have Unequal Treaties Fostered Domestic Market Integration in Late Imperial China? (2022)
Working Paper: Have unequal treaties fostered domestic market integration in Late Imperial China ? (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-02619286

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().