Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75059
Authors: 
Gluschenko, Konstantin
Year of Publication: 
2004
Series/Report no.: 
LICOS Discussion Paper 152
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

Files in This Item:
File
Size
491.02 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.