Long-Term Evolution of Russia’s Market Integration

Gluschenko, Konstantin (2020): Long-Term Evolution of Russia’s Market Integration.

Abstract

This article considers an aggregated market represented by a staples basket and analyzes changes in the degree of spatial integration of this market during 1992 to 2019. In an integrated market, interaction of demand and supply in the national market, and not in a regional market, determines the regional price of a good. Based on this, the strength of dependence of regional prices on regional quantities demanded serves as a measure of the degree of market integration.

• Item Type: MPRA Paper
• Language: English
• Keywords: market integration price dispersion Russian regions
• Subjects: R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R10 - General; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R15 - Econometric and Input-Output Models ; Other Models; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location > R32 - Other Spatial Production and Pricing Analysis

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