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Food Markets in Russia. Dynamics of Their Integration

Author

Listed:
  • Gluschenko, Konstantin

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

  • Khimich, Alexandra

    (Higher School of Economics, Moscow, Russia)

Abstract

In the context of integrated market, a price of any product in regions depends on its demand in a national market rather than in a regional one. Applying the econometric model based on this theoretical statement, the paper assesses to degree the markets of some food products are integrated. The fact that since nearly 1994 the growth of segmentation in such markets changes to the tendency of their integration has been observed. We conclude that there is an integrated food market in Russia; and its integration has been just the same as that one in the countries of developed market economy.

Suggested Citation

  • Gluschenko, Konstantin & Khimich, Alexandra, 2007. "Food Markets in Russia. Dynamics of Their Integration," Economics Series 221, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihsesp:221
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    File URL: http://www.ihs.ac.at/publications/eco/es-221.pdf
    File Function: First version, 2007
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    Keywords

    Price dispersion; Market integration; Food markets; Russia; Russian regions;

    JEL classification:

    • K49 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Other
    • P22 - Economic Systems - - Socialist Systems and Transition Economies - - - Prices
    • P37 - Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

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