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Long-Term Evolution of Russia’s Market Integration

Konstantin Gluschenko

MPRA Paper from University Library of Munich, Germany

Abstract: This article considers an aggregated market represented by a staples basket and analyzes changes in the degree of spatial integration of this market during 1992 to 2019. In an integrated market, interaction of demand and supply in the national market, and not in a regional market, determines the regional price of a good. Based on this, the strength of dependence of regional prices on regional quantities demanded serves as a measure of the degree of market integration.

Keywords: market; integration; price; dispersion; Russian; regions (search for similar items in EconPapers)
JEL-codes: R10 R15 R32 (search for similar items in EconPapers)
Date: 2020-05-05
New Economics Papers: this item is included in nep-cis and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:100118

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