See discussions, stats, and author profiles for this publication at: http://www.researchgate.net/publication/282862403 Market Integration in the Chinese Beer and Wine Markets: Evidence from Stationarity Test CHAPTER · OCTOBER 2015 READS 3 4 AUTHORS, INCLUDING: Chi Keung Marco Lau Zhibin Lin Northumbria University Northumbria University 43 PUBLICATIONS 89 CITATIONS 11 PUBLICATIONS 3 CITATIONS SEE PROFILE SEE PROFILE David Boansi University of Bonn 16 PUBLICATIONS 18 CITATIONS SEE PROFILE Available from: Zhibin Lin Retrieved on: 17 October 2015 Market Integration in the Chinese Beer and Wine Markets: Evidence from Stationarity Test Marco Chi Keung Lau1*, Zhibin Lin1, David Boansi2, Jie Ma1 1. Newcastle Business School, Northumbria University, City Campus East, Newcastle upon Tyne, NE7 7QP United Kingdom. 2. Department of Economic and Technological Change Centre for Development Research (ZEF), Bonn, Germany. *corresponding author:
[email protected] To cite this article: Lau, M. Lin, Z, Boansi, D. & Ma, J. (forthcoming). “Market Integration in the Chinese Beer and Wine Markets: Evidence from Stationarity Test”, in Ignazio Cabras, David Higgins, David Preece (eds), Brewing, Beer and Pubs: A Global Perspective, Palgrave Macmillan. Abstract Following the economic reform in China and subsequent economic growth, the country has witnessed interesting shifts in dimensions of supply in various subsectors. This has in one way or another, stimulated growth in national and per capita disposal incomes among other economic indicators. In particular, there has been rapid growth in both beer and wine consumption in the country. This chapter aims to examine the nature of the beer and wine industry. Specifically we investigate price related issues and the degree of integration of the Chinese beer and wine markets and the nature of price convergence/divergence across major markets.