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Revisiting the Razor's Edge: Local protectionism in China

Welcome to the second issue of Economics@Hull. The first article presents the results of research investigating local protectionism in the Chinese pharmaceutical industry. There are also articles summarizing research into the impact of credit ratings announcements on the stock market, and research on the convergence of the income of poorer countries and richer countries. The final article explores how market frictions can explain the observation that different stores often sell the same product at different prices. If there are any economic issues that you would like to see examined in a future issue of Economics@Hull, or you have any general feedback or comments please email us at the address below.