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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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  10. Konstantin Gluschenko, 2010. "Price convergence and market integration in Russia," William Davidson Institute Working Papers Series wp999, William Davidson Institute at the University of Michigan.
  11. Attila Ratfai, 2006. "How Fast Is Convergence to the Law of One Price? Very," Economics Bulletin, AccessEcon, vol. 6(10), pages 1-12.
  12. Quah, Danny, 1993. "Empirical cross-section dynamics in economic growth," European Economic Review, Elsevier, vol. 37(2-3), pages 426-434, April.
  13. Glushchenko Konstantin, 2004. "Integration of the Russian Market. Empirical Analysis," EERC Working Paper Series 04-06e, EERC Research Network, Russia and CIS.
  14. Donald W.K. Andrews, 1994. "Hypothesis Testing with a Restricted Parameter Space," Cowles Foundation Discussion Papers 1060R, Cowles Foundation for Research in Economics, Yale University.
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  18. 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.
  19. Steven Salop & Joseph Stiglitz, 1977. "Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion," Review of Economic Studies, Oxford University Press, vol. 44(3), pages 493-510.
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  23. 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.
  24. Glushchenko Konstantin, 2001. "Inter-regional Variability of Inflation Rates," EERC Working Paper Series 99-17e, EERC Research Network, Russia and CIS.
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  29. 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.
  30. 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.
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