Black tea markets worldwide: Are they integrated?

作     者：XU Yong-mei QIAO Fang-bin HUANG Ji-kun XU Yong-mei;QIAO Fang-bin;HUANG Ji-kun

作者机构：School of EconomicsZhejiang Gongshang UnviersityHangzhou 310018P.R.China China Economics and Management AcademyCentral University of Finance and EconomicsBeijing 100081P.R.China China Center for Agricultural PolicyPeking UniversityBeijing 100871P.R.China 

出 版 物：《Journal of Integrative Agriculture》 (农业科学学报（英文版）)

年 卷 期：2022年第21卷第2期

页      面：552-565页

核心收录：

学科分类：120301[管理学-农业经济管理] 12[管理学] 1203[管理学-农林经济管理] 

基　　金：supported by the National Natural Science Foundation of China(71773150 and 71934003) 

主　　题：black tea market price integration VECM 

摘      要：Global tea consumption has risen significantly alongside rapid expansion of international trade in recent ***,few studies have systematically examined the relationship among the major tea markets *** weekly data from 2012-2019,this study empirically analyzed the price series of the world’s major black tea auction *** estimation results showed that these markets are connected,even though heterogeneities *** finding holds not only for regional markets but also for international *** findings offer important implications for tea-producing countries with millions of smallholder farmers.