The Evolution of Cross-Region Price Distribution in Russia

Konstantin Gluschenko

William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: The behavior of the entire cross-section distribution of prices in Russian regions is analyzed from 1992 through 2000, using non-parametric techniques. The cost of a staples basket is used as a price representative. Price dispersion measured as the standard deviation of prices is found to be diminishing since about 1994; and the shape of the cross-region distribution of prices tends to be more regular over time. To characterize intra-distribution mobility, a transition probability function (stochastic kernel) is estimated. It is also used to derive a long-run limit of the price distribution. Overall, the results suggest that, excluding a few years following the price liberalization, price convergence has been happening among Russian regions.

Keywords: price convergence; price dispersion; distribution dynamics; market integration; Russia (search for similar items in EconPapers)
JEL-codes: P22 R10 R15 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2004-07-01
New Economics Papers: this item is included in nep-geo and nep-tra
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Citations: View citations in EconPapers (6)

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