Limits of regional food price differences and invisible hand

Elizaveta Dobronravova, Yury Perevyshin (), Anton Skrobotov () and Kira Shemyakina ()
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Kira Shemyakina: RANEPA, Moscow, Russian Federation

Applied Econometrics, 2019, vol. 53, 30-54

Abstract: Based on 33 food products prices in 78 Russian regions from 2003 to 2018 we estimate regional price threshold which leads to price convergence. We applied econometric tests for the unit root null hypothesis versus a nonlinear alternative, and the null of linearity versus a nonlinear alternative. About a 40% of time series corresponds to the three-regime TAR-model and weak form of the law of one price.

Keywords: law of one price; threshold autoregression; regional price differences; price convergence; Russian regions. (search for similar items in EconPapers)
JEL-codes: C12 C24 L81 P22 R15 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:apltrx:0360

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