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Long-Term Evolution of Russia’s Market Integration

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  • Gluschenko, Konstantin

Abstract

This article considers an aggregated market represented by a staples basket and analyzes changes in the degree of spatial integration of this market during 1992 to 2019. In an integrated market, interaction of demand and supply in the national market, and not in a regional market, determines the regional price of a good. Based on this, the strength of dependence of regional prices on regional quantities demanded serves as a measure of the degree of market integration.

Suggested Citation

  • Gluschenko, Konstantin, 2020. "Long-Term Evolution of Russia’s Market Integration," MPRA Paper 100118, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:100118
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    References listed on IDEAS

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    1. Gluschenko, Konstantin, 2017. "The Moscow market in the country’s economic space," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 48, pages 5-21.
    2. Paula De Masi & Vincent Koen, 1996. "Relative Price Convergence in Russia," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 97-122, March.
    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, September.
    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.
    5. Barry K. Goodwin & Thomas J. Grennes & Christine McCurdy, 1999. "Spatial price dynamics and integration in russian food markets," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 3(2), pages 157-193.
    6. Konstantin Gluschenko, 2009. "Goods market integration in Russia during the economic upturn," Post-Communist Economies, Taylor & Francis Journals, vol. 21(2), pages 125-142.
    7. Berkowitz, Daniel & DeJong, David N., 2003. "Regional integration: an empirical assessment of Russia," Journal of Urban Economics, Elsevier, vol. 53(3), pages 541-559, May.
    8. Anna Vladimirovna Stupnikova, 2018. "Spatial Reaction of Prices in the Vegetable Markets to Restrictions on Foreign Trade," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 117-137.
    9. Bruce L. Gardner & Karen M. Brooks, 1994. "Food Prices and Market Integration in Russia: 1992–93," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 641-646.
    10. Perevyshin, Yury (Перевышин, Юрий) & Sinelnikov-Murylev, Sergei Germanovich (Синельников-Мурылев, Сергей Германович) & Skrobotov, Anton (Скроботов, Антон) & Trunin, Pavel (Трунин, Павел), 2018. "Analysis of Regional Price Differentiations [Анализ Региональной Дифференциации Цен]," Published Papers 011801, Russian Presidential Academy of National Economy and Public Administration.
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    More about this item

    Keywords

    market integration price dispersion Russian regions;

    JEL classification:

    • 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
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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