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The Law of One Price in the Russian Economic Space

  • 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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  1. 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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  9. Quah, Danny, 1993. "Galton's Fallacy and Tests of the Convergence Hypothesis," CEPR Discussion Papers 820, C.E.P.R. Discussion Papers.
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  14. Glushchenko Konstantin, 2004. "Integration of the Russian Market. Empirical Analysis," EERC Working Paper Series 04-06e, EERC Research Network, Russia and CIS.
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  19. Gluschenko, Konstantin, 2006. "Russia’s common market takes shape: Price convergence and market integration among Russian regions," BOFIT Discussion Papers 7/2006, Bank of Finland, Institute for Economies in Transition.
  20. 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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  25. 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.
  26. 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.
  27. Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-32, December.
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