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Food markets in Russia: dynamics of their integration

Author

Listed:
  • K.P. Gluschenko
  • A.E. Khimich

Abstract

In the context of an integrated market, a price of any product in regions depends on its demand in a national market rather than in a regional one. Applying the econometric model based on this theoretical statement, the paper assesses to what degree the markets of some food products are integrated. The fact that since nearly 1994 the growth of segmentation in such markets changes to the tendency of their integration has been observed. The authors conclude that there is an integrated food market in Russia, and its integration has been just the same as that one in the counties of developed market economy.

Suggested Citation

  • K.P. Gluschenko & A.E. Khimich, 2007. "Food markets in Russia: dynamics of their integration," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 5.
    • Handle: RePEc:nos:regioe:2007-5_6
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    JEL classification:

    • K49 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Other
    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

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