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Crime and Prices

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  • Gluschenko, Konstantin

    (Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences)

Abstract

The impact of organized crime on inter-regional price disparities in Russia is estimated for each year from 1992 to 2000, and over the panel of 1993-2000, using a sample of 70 Russian regions, and that of 50 regions from the European part of the country. The relationship between prices and crime is, for the most part, statistically significant and positive. Organized crime considerably contributes to the average cross-region price dispersion. However, the effect of organized crime has been diminishing over time.

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File URL: http://www.ihs.ac.at/publications/eco/es-167.pdf
File Function: First version, 2005
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Bibliographic Info

Paper provided by Institute for Advanced Studies in its series Economics Series with number 167.

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Length: 17 pages
Date of creation: Feb 2005
Date of revision:
Handle: RePEc:ihs:ihsesp:167

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Related research

Keywords: Organized crime; Price dispersion; Market integration; Russia; Russian regions;

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  1. Engel, Charles & Rogers, John H, 1996. "How Wide Is the Border?," American Economic Review, American Economic Association, vol. 86(5), pages 1112-25, December.
  2. Konstantin Gluschenko, 2004. "Analysing changes in market integration through a cross-sectional test for the law of one price," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 135-149.
  3. Konstantin Gluschenko, 2003. "Market integration in Russia during the transformation years," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 411-434, 09.
  4. Berkowitz, Daniel & DeJong, David N. & Husted, Steven, 1998. "Quantifying Price Liberalization in Russia," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 735-760, December.
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