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The Law of One Price in the Russian Economic Space

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  • Gluschenko, Konstantin

    ()
    (Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, and Department of Economics, Novosibirsk State University, Russia)

Abstract

Taking the law of one price as a test for market integration, the spatial structure of Russia’s market integration is analyzed with the use of time series of consumer goods prices across Russian regions. An effort is made to explain the pattern obtained, identifying forces responsible for interregional price disparities

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Bibliographic Info

Article provided by Publishing House "SINERGIA PRESS" in its journal Applied Econometrics.

Volume (Year): 17 (2010)
Issue (Month): 1 ()
Pages: 3-19

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Handle: RePEc:ris:apltrx:0042

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Web page: http://appliedeconometrics.cemi.rssi.ru/

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Keywords: Market integration; market frictions; Russian regions; threshold auto-regression;

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References

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  1. Konstantin Gluschenko, 2010. "Price convergence and market integration in Russia," William Davidson Institute Working Papers Series wp999, William Davidson Institute at the University of Michigan.
  2. Gluschenko, Konstantin, 2010. "The Law of One Price in the Russian Economic Space," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 17(1), pages 3-19.
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  20. Varian, Hal R, 1980. "A Model of Sales," American Economic Review, American Economic Association, vol. 70(4), pages 651-59, September.
  21. Gluschenko, Konstantin, 2002. "Market Integration in Russia During the Transformation Years," Economics Series 116, Institute for Advanced Studies.
  22. Glushchenko Konstantin, 2002. "Common Russian Market: Myth rather than Reality," EERC Working Paper Series 01-11e, EERC Research Network, Russia and CIS.
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  24. Burton Singer & Seymour Spilerman, 1976. "Some Methodological Issues in the Analysis of Longitudinal Surveys," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 447-474 National Bureau of Economic Research, Inc.
  25. Paula De Masi & Vincent Koen, 1996. "Relative Price Convergence in Russia," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 97-122, March.
  26. Conway, Patrick, 1999. "Privatization and Price Convergence: Evidence from Four Markets in Kyiv," Journal of Comparative Economics, Elsevier, vol. 27(2), pages 231-257, June.
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Cited by:
  1. Konstantin Gluschenko, 2004. "The Law of one Price in the Russian Economy," LICOS Discussion Papers 15204, LICOS - Centre for Institutions and Economic Performance, KU Leuven.

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