Fiscal Decentralization and Regional Market Integration——Re-investigation by Quantile Panel Estimation Model

This paper re-investigates the effects of fiscal decentralization on regional market segmentation by quantile panel estimation model. Fiscal decentralization has positive effects on market segmentation and those provinces at higher quantile have larger incentive to adopt market segmentation policy. Meanwhile GDP per capital has negative effects on market segmentation and those provinces at higer quantile have larger incentive to give up market segmentation policy.