Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75059 
Year of Publication: 
2004
Series/Report no.: 
LICOS Discussion Paper No. 152
Publisher: 
Katholieke Universiteit Leuven, LICOS Centre for Transition Economics, Leuven
Abstract: 
Taking the law of one price as a test for market integration, the spatial set-up of Russia's market integration over 1994-2000 is analyzed with the use of time series of the cost of a staples basket across Russian regions. The law is found to hold for about 50% to 60% of Russian regions, estimates of a threshold model suggesting rather high barriers to inter-regional trade. To reveal whether there is a movement towards market integration among non-integrated regions, dynamics of cross-sectional distribution of prices receives study. The results indicate that such a tendency does take place. An effort is made to identify forces responsible for Enter-regional price disparities.
Subjects: 
market integration
price dispersion
price convergence
Russia
Russian regions
JEL: 
P22
P25
R15
R19
Document Type: 
Working Paper

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