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  • 标题:Russia’s common market takes shape: Price convergence and market integration among Russian regions
  • 本地全文:下载
  • 作者:Konstantin Gluschenko
  • 期刊名称:BOFIT Discussion Papers
  • 印刷版ISSN:1456-4564
  • 电子版ISSN:1456-5889
  • 出版年度:2006
  • 出版社:Bank of Finland Institute for Economies in Transition (BOFIT)
  • 摘要: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.
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