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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

Abstract: 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)
Pages: pages
Date: 2013-10-01
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Distribution dynamics of Russian regional prices (2016) Downloads
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