2023
DOI: 10.1002/ise3.71
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Tests of goods market integration between China and African BRI countries

Shu‐kam Lee,
Paul Kwok‐ching Shum,
Kai‐yin Woo

Abstract: The Chinese Government has promulgated the “Belt and Road Initiative” (BRI) to increase trade flows and integrate goods markets between China and BRI countries. The validity of purchasing power parity (PPP) implies well‐integrated goods markets, a precondition for further economic convergence, and the next stage of economic integration in factor, service, and financial markets. Our study aims to examine the validity of the PPP and the extent of goods market integration between China and selected BRI countries … Show more

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