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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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  15. Daniel Berkowitz & David N. DeJong, 2000. "The Evolution of Market Integration in Russia," William Davidson Institute Working Papers Series 334, William Davidson Institute at the University of Michigan.
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  17. Quah, Danny, 1993. " Galton's Fallacy and Tests of the Convergence Hypothesis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 95(4), pages 427-43, December.
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  20. Attila Ratfai, 2006. "How Fast Is Convergence to the Law of One Price? Very," Economics Bulletin, AccessEcon, vol. 6(10), pages 1-12.
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  22. 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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  24. 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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  27. Gluschenko, Konstantin, 2011. "Price convergence and market integration in Russia," Regional Science and Urban Economics, Elsevier, vol. 41(2), pages 160-172, March.
  28. 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.
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