Spatial pattern of Russia’s market integration

Konstantin Gluschenko

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies integration of regional goods markets in Russia over 2001–2015 with the use of time series analysis, based on the law of one price as the criterion of market integration. The cost of a staples basket is used as a price representative. The analysis involves all pairs of country’s regions, thus providing a comprehensive pattern of market integration. The region pairs are classified as belonging to one of four groups: integrated, conditionally integrated, not integrated but tending towards integration, and neither integrated nor tending towards integration. The results suggest that only less than a quarter of region pairs fall into the fourth category.

Keywords: regional goods markets; Russian regions; law of one price; price convergence (search for similar items in EconPapers)
JEL-codes: L81 R15 R19 (search for similar items in EconPapers)
Date: 2017-02-21
New Economics Papers: this item is included in nep-cis, nep-ind, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/76995/1/MPRA_paper_76995.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/79971/1/MPRA_paper_79971.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/102677/1/MPRA_paper_102677.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76995

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().