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Goods market integration in Russia during the economic upturn

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  • Konstantin Gluschenko

Abstract

This article finds an evolving pattern of goods market integration in Russia, considering the period of economic upturn since the second half of 2000 to the end of 2007. In an integrated market, the price of a tradable good at any location is determined by the national market, not local demand. Based on this, the strength of dependence of local prices on local demand is used to detect and measure market segmentation. The costs of a staples basket across almost all Russian regions with a monthly frequency are used as the empirical material. The pattern found suggests that over the time span under consideration the degree of Russia's goods market integration was relatively stable, fluctuating around some level; no significant improvements or deteriorations were detected.

Suggested Citation

  • Konstantin Gluschenko, 2009. "Goods market integration in Russia during the economic upturn," Post-Communist Economies, Taylor & Francis Journals, vol. 21(2), pages 125-142.
    • Handle: RePEc:taf:pocoec:v:21:y:2009:i:2:p:125-142
    DOI: 10.1080/14631370902778443
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    References listed on IDEAS

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    1. Mr. Steven T Phillips & Mr. Vincent Koen, 1993. "Price Liberalization in Russia: Behavior of Prices, Household Incomes, and Consumption During the First Year," IMF Occasional Papers 1993/004, International Monetary Fund.
    2. Paula De Masi & Vincent Koen, 1996. "Relative Price Convergence in Russia," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 97-122, March.
    3. Konstantin Gluschenko, 2004. "Analysing changes in market integration through a cross-sectional test for the law of one price," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 135-149.
    4. Konstantin Gluschenko, 2003. "Market integration in Russia during the transformation years," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 411-434, September.
    5. repec:zbw:bofitp:2006_007 is not listed on IDEAS
    6. Berkowitz, Daniel & DeJong, David N. & Husted, Steven, 1998. "Quantifying Price Liberalization in Russia," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 735-760, December.
    7. Berkowitz, Daniel & DeJong, David N., 2003. "Regional integration: an empirical assessment of Russia," Journal of Urban Economics, Elsevier, vol. 53(3), pages 541-559, May.
    8. Mr. Vincent Koen & Mr. Steven T Phillips, 1992. "Price Liberalization in Russia: The Early Record," IMF Working Papers 1992/092, International Monetary Fund.
    9. repec:bla:etrans:v:9:y:2001:i:1:p:87-104 is not listed on IDEAS
    10. Bruce L. Gardner & Karen M. Brooks, 1994. "Food Prices and Market Integration in Russia: 1992–93," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 641-646.
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    Cited by:

    1. Berkowitz, Daniel & DeJong, David N., 2011. "Growth in post-Soviet Russia: A tale of two transitions," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 133-143.
    2. Konstantin Gluschenko, 2021. "Spatial pattern of Russia’s market integration," Spatial Economic Analysis, Taylor & Francis Journals, vol. 16(4), pages 449-470, October.
    3. Konstantin Gluschenko, 2016. "Distribution dynamics of Russian regional prices," Empirical Economics, Springer, vol. 51(3), pages 1193-1213, November.
    4. David N. DeJong & Daniel Berkowitz, 2008. "Growth in Post-Soviet Russia: A Tale of Two Transitions," Working Paper 369, Department of Economics, University of Pittsburgh, revised Sep 2008.
    5. K. P. Gluschenko, 2021. "Long-Term Evolution of Russia’s Market Integration," Studies on Russian Economic Development, Springer, vol. 32(1), pages 78-86, January.
    6. repec:lic:licosd:26910 is not listed on IDEAS

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    More about this item

    JEL classification:

    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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