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| Heterogeneity of Integration Relationship in Chinese Agricultural Markets in the New Double-cycle Development Pattern: A New Structural Economics Perspective |
| HOU Xiaokang1 , ZHANG Qiangqiang2 , LIU Tianjun1 |
1.College of Economics and Management, Northwest A&F University
2.College of Modern Agriculture, Peking University
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Abstract: Facing the new development pattern of dual circulation, this paper takes the New Structure Economics as the guidance, selects the spot market data in Chinese major apple producing areas and futures market data, and uses the ARDL-ECM model that can solve the endogenous problem to test market integration relationships from spatial structure and time structure. The results show that the integration relationships of the apple market in China are heterogeneous. (1)From the internal structure of the main production areas, there is a long-term segmentation phenomenon among the markets of Shandong, Liaoning and Hebei in Bohai Bay region, and the same situation occurs in Loess Plateau region. (2)From the external structure of the main producing areas, there is a long-term integration relationship between Shandong and Shaanxi markets. (3)From the perspective of time structure, there is a long-term integration relationship between futures market and spot market in Shandong and Shanxi, but there is no long-term integration relationship between futures market and spot market in Liaoning, Hebei, Gansu and Shanxi.
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Received: 17 January 2022
Published: 15 June 2022
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Corresponding Authors:
Jun TianLiu
E-mail: ltj168168@nwsuaf.edu.cn
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2022, Vol. 42 
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