| Black tea markets worldwide:Are they integrated? |
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| 作者姓名： | XU Yong-mei QIAO Fang-bin HUANG Ji-kun |
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| 作者单位： | 1. School of Economics,Zhejiang Gongshang University;2. China Economics and Management Academy, Central University of Finance and Economics;3. China Center for Agricultural Policy, Peking University |
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| 基金项目： | This work was supported by the National Natural Science Foundation of China (71773150 and 71934003). |
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| 摘 要： | Global tea consumption has risen significantly alongside rapid expansion of international trade in recent years. However, few studies have systematically examined the relationship among the major tea markets worldwide. Using weekly data from 2012–2019, this study empirically analyzed the price series of the world’s major black tea auction markets. The estimation results showed that these markets are connected, even though heterogeneities vary. This finding holds not only for regional markets but...
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| 收稿时间： | 24 December 2020 |
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