Spatial Relation of the Consumer Price Index and the Equilibrium of Regional Goods Markets

Venera Maratovna Timiryanova ()
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Venera Maratovna Timiryanova: Ufa Institute of Plekhanov Russian University of Economics

Spatial Economics=Prostranstvennaya Ekonomika, 2017, issue 2, 95-109

Abstract: The author of the study makes an assumption about the existence of the equilibrium of the regional retail goods market, that takes into account a certain balance inside the groups of sellers and consumers of various goods. That way the equilibrium of regional retail goods market will be influenced by the following ‘disturbances’: the dynamics of the number of retailers, transport and financial organizations. This allows to make a hypothesis about the existence of connection between spatial changes of the consumer price index (an indicator of pricing in the markets of certain consumer goods) and the equilibrium of the regional retail goods market. The analysis of equilibrium of the retail goods market among the subjects of Volga Federal District in 2006–2015 allowed determining that equilibrium can be achieved in different states of the regional retail market of goods. Through methods of spatial econometrics the model was built with spatial lag which allows testing the hypothesis. The model confirms that the consumer price index has spatial dependency while the included factor of regional retail market equilibrium influences the consumer price index in the region. The model can be improved by including the equilibrium of neighboring regions

Keywords: equilibrium; spatial relation; consumer price index; regional retail market of goods; Volga Federal District (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2017:i:2:p:95-109

DOI: 10.14530/se.2017.2.095-109

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