Measurement,Influencing Factors and Economic Effects of Market Integration:Research Review and Prospect
Market integration aims to promote the smooth flow of commodities and factor resources in a wider range by breaking local protection and market segmentation so as to accelerate the construction of a unified national market.Domestic and foreign scholars have conducted in-depth research on the measurement,influencing factors and economic effects of market integration.By combing through the existing research results,we have the following findings:Price method and gravity model are two widely used measurement methods,and are further developing with the refinement of available data;The influencing factors on factor flow include not only such institutional factors as local protectionism,but also non-institutional factors like spatial geography and dialect culture.With improvements in transport infrastructure significantly enhancing domestic market integration,removing institutional barriers becomes the key to current commodity and factor market reforms.Eliminating local protectionism can create new impetus for China's economic growth and productivity improvement;In terms of economic effects,existing studies have explored the impact of market integration on enterprises,industries and the overall economy from micro,meso and macro levels.It is suggested that in future research,more diversified and innovative data and measurement should be employed to broaden the scope of research,main factors behind the administrative boundary effect should be discussed thoroughly,the causal effects of existing integration policies should be examined in detail,and the dynamic quantitative spatial equilibrium model should also be combined to study China's market integration in order to help reveal the complex dynamic mechanism in market integration and provide scientific support for formulating accurate and effective policies.
market integrationmeasurementfactor floweconomic development
万方数据
