Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212579 
Year of Publication: 
2006
Series/Report no.: 
BOFIT Discussion Papers No. 7/2006
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper analyzes the spatial structure of goods market integration in Russia, characterizing regions into three states: (a) integrated, (b) not integrated but trending toward integration, and (c) not integrated and not trending toward integration.Using time series of the cost of a staples basket across 75 regions of Russia for 1994-2000, I exploit a nonlinear cointegration relationship with an asymptotically subsiding trend to capture movement toward integration.The analysis suggests that 36% of Russian regions were integrated with the national market over 1994-2000, 44% were in the process of integrating with the national market, and 20% of regions were not integrated and not trending toward integration.
Subjects: 
market integration
law of one price
price dispersion
convergence
Russian regions
JEL: 
C32
P22
R10
R15
Persistent Identifier of the first edition: 
ISBN: 
952-462-823-6
Document Type: 
Working Paper

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