Goods market integration in Russia during the economic upturn
AbstractThis article finds an evolving pattern of goods market integration in Russia, considering the period of economic upturn since the second half of 2000 to the end of 2007. In an integrated market, the price of a tradable good at any location is determined by the national market, not local demand. Based on this, the strength of dependence of local prices on local demand is used to detect and measure market segmentation. The costs of a staples basket across almost all Russian regions with a monthly frequency are used as the empirical material. The pattern found suggests that over the time span under consideration the degree of Russia's goods market integration was relatively stable, fluctuating around some level; no significant improvements or deteriorations were detected.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Post-Communist Economies.
Volume (Year): 21 (2009)
Issue (Month): 2 ()
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Other versions of this item:
- Konstantin Gluschenko, 2008. "Goods Market Integration in Russia during the Economic Upturn," William Davidson Institute Working Papers Series wp921, William Davidson Institute at the University of Michigan.
- P22 - Economic Systems - - Socialist Systems and Transition Economies - - - Prices
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
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