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Spatial pattern of Russia’s market integration

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  • Gluschenko, Konstantin

Abstract

This paper studies integration of regional goods markets in Russia over 2001–2015 with the use of time series analysis, based on the law of one price as the criterion of market integration. The cost of a staples basket is used as a price representative. The analysis involves all pairs of country’s regions, thus providing a comprehensive pattern of market integration. The region pairs are classified as belonging to one of four groups: integrated, conditionally integrated, not integrated but tending towards integration, and neither integrated nor tending towards integration. The results suggest that only less than a quarter of region pairs fall into the fourth category.

Suggested Citation

  • Gluschenko, Konstantin, 2017. "Spatial pattern of Russia’s market integration," MPRA Paper 76995, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:76995
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    References listed on IDEAS

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    2. Konstantin Gluschenko, 2010. "Anatomy of Russia’s market segmentation1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(1), pages 27-58, January.
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    6. Gluschenko, Konstantin, 2011. "Price convergence and market integration in Russia," Regional Science and Urban Economics, Elsevier, vol. 41(2), pages 160-172, March.
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    Cited by:

    1. Gluschenko, Konstantin, 2018. "Market of the Novosibirsk Oblast in the System of Regional Markets," MPRA Paper 83649, University Library of Munich, Germany.
    2. Gluschenko, Konstantin, 2018. "Пространственная Интеграция Региональных Рынков Сибири [Spatial Integration of Siberian Regional Markets]," MPRA Paper 88920, University Library of Munich, Germany.
    3. Elena Deryugina & Natalia Karlova & Alexey Ponomarenko & Anna Tsvetkova, 2019. "The role of regional and sectoral factors in Russian inflation developments," Economic Change and Restructuring, Springer, vol. 52(4), pages 453-474, November.

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    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

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