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The Law of One Price in the Russian Economic Space

Listed author(s):
  • Gluschenko, Konstantin

    ()

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

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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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
Contact details of provider: Web page: http://appliedeconometrics.cemi.rssi.ru/

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  3. 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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  11. Paula De Masi & Vincent Koen, 1997. "Prices in the Transition; Ten Stylized Facts," IMF Working Papers 97/158, International Monetary Fund.
  12. Quah, Danny, 1993. "Empirical cross-section dynamics in economic growth," European Economic Review, Elsevier, vol. 37(2-3), pages 426-434, April.
  13. Daniel Berkowitz & David N. DeJong, 2001. "The evolution of market integration in Russia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 9(1), pages 87-104, March.
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  16. Horvath, Julius & Vidovic, Stanislav, 2004. "Price variability and the speed of adjustment to the law of one price : evidence from Slovakia," BOFIT Discussion Papers 3/2004, Bank of Finland, Institute for Economies in Transition.
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  22. David C. Parsley & Shang-Jin Wei, 1996. "Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations," The Quarterly Journal of Economics, Oxford University Press, vol. 111(4), pages 1211-1236.
  23. Quah, Danny, 1993. " Galton's Fallacy and Tests of the Convergence Hypothesis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 95(4), pages 427-443, December.
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  25. Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-2132, December.
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  27. 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.
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