Distribution Dynamics of Russian Regional Prices
Konstantin Gluschenko ()
No wp1061, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan
This paper studies the behavior of the entire distribution of consumer prices across Russian regions over the decade of 2001???2010. The analysis uses non-parametric techniques, exploiting the distribution dynamics approach. The results obtained evidence that regional relative prices in Russia remained fairly stable during 2001-2010. No significant changes are found in price dispersion and cross-region price distribution over this time span. Rank mobility was very low with seasonal surges. The pattern of quantity mobility manifests neither convergence nor divergence of regional prices. However, a long-run price distribution has an unpleasant feature, predicting potential emergence of a price convergence club in the Russian Far East.
Keywords: price convergence; price dispersion; price mobility; market integration; stochastic kernel (search for similar items in EconPapers)
JEL-codes: P22 R10 R15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-tra and nep-ure
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Journal Article: Distribution dynamics of Russian regional prices (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2013-1061
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