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Price Levels across Russian Regions

Author

Listed:
  • Gluschenko, Konstantin
  • Karandashova, Maria

Abstract

Based on price levels (cost-of-living indices) across Russian cities that are published by the Russian Statistical Agency, regional price levels relative to the national average are computed over 2009–2015. Results obtained are compared with approximate estimates of regional price levels that are based on the cost of the fixed basket of goods and services for cross-region comparison of population’s purchasing capacity (many publications use such estimates). This comparison makes it possible to conclude that the crude method provides an acceptable accuracy. Regional price levels obtained are applied to estimating real (i.e. comparable between regions) incomes per capita relative to the national average.

Suggested Citation

  • Gluschenko, Konstantin & Karandashova, Maria, 2016. "Price Levels across Russian Regions," MPRA Paper 75041, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:75041
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    References listed on IDEAS

    as
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    3. repec:zbw:bofitp:2006_009 is not listed on IDEAS
    4. Michael Beenstock & Daniel Felsenstein, 2007. "Mobility and Mean Reversion in the Dynamics of Regional Inequality," International Regional Science Review, , vol. 30(4), pages 335-361, October.
    5. Chao Li & John Gibson, 2014. "Spatial Price Differences and Inequality in the People's Republic of China: Housing Market Evidence," Asian Development Review, MIT Press, vol. 31(1), pages 92-120, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    cost-of-living index spatial price index fixed basket of goods and services real income;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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