Spatial Pattern of Russia's Market Integration

Gluschenko, Konstantin

doi:10.2139/ssrn.3068694

SSRN Journal

2017

DOI: 10.2139/ssrn.3068694

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Spatial Pattern of Russia's Market Integration

Konstantin Gluschenko

Abstract: This paper studies integration of regional goods markets in Russia over [2001][2002][2003][2004][2005][2006][2007][2008][2009][2010][2011][2012][2013][2014][2015]

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“…However, there is no unequivocal evidence for convergence of prices. This conclusion is in line with the findings reported byGluschenko (2016Gluschenko ( , 2017.…”

supporting

confidence: 93%

The role of regional and sectoral factors in Russian inflation developments

Deryugina

Karlova

Ponomarenko

et al. 2018

Econ Change Restruct

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“…However, there is no unequivocal evidence for convergence of prices. This conclusion is in line with the findings reported byGluschenko (2016Gluschenko ( , 2017.…”

supporting

confidence: 93%

The role of regional and sectoral factors in Russian inflation developments

Deryugina

Karlova

Ponomarenko

et al. 2018

Econ Change Restruct

View full text Add to dashboard Cite

show abstract

Spatial pattern of Russia’s market integration

Gluschenko

2021

Spatial Economic Analysis

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This paper studies integration of regional goods markets in Russia over 2001-2019, analyzing the law of one price. The analysis involves all pairs of country's regions, which provides a comprehensive spatial 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 (converging) and neither integrated nor tending towards integration (among these, diverging). On average, a region is found to be perfectly and conditionally integrated with 48.7% of other regions and tending towards integration with 3.3% of them. Non-integration is due to random walking (41.2%) and deterministic divergence (6.8%). Geographical reasons explain the pattern obtained only partially. Apparently, idiosyncratic features of regional markets play a main role in non-integration.

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Spatial Pattern of Russia's Market Integration

Abstract: This paper studies integration of regional goods markets in Russia over [2001][2002][2003][2004][2005][2006][2007][2008][2009][2010][2011][2012][2013][2014][2015]

Cited by 2 publications

References 22 publications

The role of regional and sectoral factors in Russian inflation developments

The role of regional and sectoral factors in Russian inflation developments

Spatial pattern of Russia’s market integration

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