Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212575 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 3/2006
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
Perfect integration eludes the real world, so we suggest a realistic benchmark standard for judging the extent of market integration in various economies.We estimate the degree of integration in the US product market, widely acknowledged to be the most integrated among geographically large economies, so as to provide a reference for measuring Russian market integration. Prices for 27 grocery items across 29 cities of the United States in the first quarter of 2000 are used as empirical data.The estimated degree of integration turns out to be very close to values obtained for Russia for 2000.Apparently, market integration in Russia has in recent years moved toward conditions found in advanced market economies.The roles of other factors that could potentially cause segmentation of the US market are also analyzed.
Schlagwörter: 
market integration
price dispersion
law of one price
United States
Russia
JEL: 
F14
F15
L81
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
952-462-815-5
Dokumentart: 
Working Paper

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