Inter-regional Variability of Inflation Rates

Glushchenko Konstantin ()
Authors registered in the RePEc Author Service: Konstantin Gluschenko ()

EERC Working Paper Series from EERC Research Network, Russia and CIS

Abstract: Theoretical considerations suggest that as market institutions are developing in Russian regions, the divergence of regional consumer price levels, which has been caused by the price liberalization of 1992, should give way to price level convergence. Using price dynamics data (overall consumer price indices, food price indices, manufactured goods price indices, service price indices) across 7 regions of West Siberia over 1992–1998, the tendency of such convergence is studied. The speed in which regional price levels converge to the national price level and to the price levels of other regions is estimated. Besides that, the price differential thresholds, below which interregional arbitrage becomes unprofitable, are also estimated.

Keywords: Russia; law of one price; price differential; inflation; market integration; Russia; transition; privatization; restructuring; Russia; transition; privatization; restructuring (search for similar items in EconPapers)
JEL-codes: E31 P22 R12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn
Date: 2001-11-09
View list of references View citations in EconPapers

Downloads: (external link)
http://www.eerc.ru/details/download.aspx?file_id=3834 (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: http://EconPapers.repec.org/RePEc:eer:wpalle:99-17e

Ordering information: This working paper can be ordered from
EERC Research Network, Russia and CIS, 47, Nakhimovsky pr-t, suite 919, Moscow, 117418 Russia
http://www.eerc.ru/p ... riptions/default.htm

Access Statistics for this paper

More papers in EERC Working Paper Series from EERC Research Network, Russia and CIS
Address: EERC Research Network, Russia and CIS, 47, Nakhimovsky pr-t, suite 919, Moscow, 117418 Russia
Series data maintained by Dmitry Basovsky (). This e-mail address is bad, please contact .