Cross-Border Price Differentials and Goods Market Integration in East Asia
Published By: Social Sciences Research Network | Published Date: June, 27 , 2013As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price differentials. Specifically, this study shows that compared with the European Union, East Asian markets are neither sufficiently integrated nor are they showing any price convergence over time.
Author(s): Woosik Moon | Posted on: Jan 07, 2016 | Views()