| In the section | Articles |
| Title of the article | Price Linkages of Russian Regional Markets |
| Pages | 48-60 |
| Author | Konstantin Pavlovich Gluschenko Candidate of Economics, Leading Research Fellow Institute of Economics and Industrial Engineering SB RAS 17 Prospect Akademika Lavrentieva, Novosibirsk, Russia, 630090 This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Abstract | Exploiting time series of the cost of a staples basket across 75 Russian regions over 1994-2000, price linkages of the regions are analyzed with the use of Granger causality as a tool. Price linkages of Russian regions are found extensive: on average, an individual regional market is linked through prices with 62% of others. Neither isolated clusters of regions nor autarkic regions are revealed; each region is linked with all others either directly or indirectly, through a chain of no more than two intermediate regions. Spatial autocorrelation is found to take place in two thirds of regions |
| Code | 332.135+338.517 |
| DOI | 10.14530/se.2007.1.048-060 |
| Keywords | Market integration ♦ Granger causality ♦ integration clubs ♦ spatial autocorrelation |
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| For citation | Gluschenko K.P. Price Linkages of Russian Regional Markets. Prostranstvennaya Ekonomika = Spatial Economics, 2007, no. 1, pp. 48-60. DOI: 10.14530/se.2007.1.048-060. (In Russian). |
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| Financing | Research and Education Consortium (EERC), funded by the Eurasia Foundation (funded by the US Agency for International Development), the Open Society Institute of the Soros Foundation, the World Bank, the Global Development Network , The Carnegie Foundation, the Governments of Finland and Sweden |