| In the section | Articles |
| Title of the article | Convergence of Prices on the Grain Market: The Historical Aspect |
| Pages | 34-56 |
| Author 1 | Vera Ivanovna Ivanova PhD in Physics and Mathematics, Associate Professor, Research Fellow, Center for Market Studies and Spatial Economics. National Research University «Higher School of Economics» 16 Soyuza Pechatnikov Street, Saint Petersburg, Russia, 190068 This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Abstract | On the basis of historical data, the author investigates the influence of spatial relations between regions on the variability of rye prices. Using econometric tools and annual data on procurement and The author is grateful to the Government of the Russian Federation for the financial support under the grant No. 11.G34.31.0059. retail rye prices in provincial cities of the Russian Empire during the period from 1861 to 1915, the researcher shows that during the mentioned period there was convergence of prices. Dynamic analysis of the coefficient of the spatial autocorrelation coefficient in relative prices has revealed the necessity of taking into account the spatial component in the study of convergence of prices. Using spatial regression models the author evaluates the role of geographical distance between provincial cities in reducing the price gap. The results of econometric models of prices’ convergence show that the growth reduction in relative rye prices was largely due to a change in this indicator in nearby provinces. |
| Code | 330.43+332.1+338.57 |
| DOI | 10.14530/se.2015.3.034-056 |
| Keywords | ♦ convergence of prices ♦ grain prices ♦ spatial autoregressive model ♦ Russian Empire |
| Download | SE.2015.3.034-056.Ivanova.pdf |
| For citation | Ivanova V.I. Convergence of Prices on the Grain Market: The Historical Aspect. Prostranstvennaya Ekonomika = Spatial Economics, 2015, no. 3, pp. 34-56. DOI: 10.14530/se.2015.3.034-056. (In Russian). |
| References | 1. Bessonov V.A. About Offsets at Estimates of Growth of the Russian Consumer Price. Ekonomicheskiy Zhurnal VSHE – HSE Economic Journal, 1998, vol. 2, no. 1, pp. 31–66. (In Russian). 2. Bessonov V.A. Problems of Analysis of Russia’s Macroeconomic Dynamics in the Transitional Period. Moscow: Institute for the Economy in Transition, 2005, 244 p. (In Russian). 3. Zverev D.V., Kolomak E.A. Sub-Federal Fiscal Policy in Russia: Interregional Diffe-rences and Relation. Series of «Scientific Reports: Independent Economic Analysis», no. 214. Moscow: Moscow public science Foundation; Siberian Center for Applied Economic Research, 2010, 160 p. (In Russian). 4. Zubarevitch N.V. Cities as Centers of Modernization of Economy and Human Capital. Obshchestvennye Nauki i Sovremennost [Social Sciences and Modernity], 2010, no. 5, pp. 5–19. (In Russian). 5. Ivanova V.I. Regional Convergence of Income: Spatial Analysis. Prostranstvennaya Ekonomika = Spatial Economics, 2014, no. 4, pp. 100–119. DOI: 10.14530/se.2014.4.100-119. (In Russian). 6. History of Rail Transport in Russia. Vol. 1. 1836–1917. Saint-Petersburg, 1994, 336 p. (In Russian). 7. Livron V. Statistical Review of the Russian Empire. Saint-Petersburg, 1874, 428 p. (In Russian). 8. Lugovoy O., Dashkeev V., Mazaev I. Analysis of Economic Growth in Regions: Geographical and Institutional Aspect. Consortium on Applied Economic Research. The Canadian International Development Agency. Moscow: Institute for the Economy in Transition, 2007, 164 p. (In Russian). 9. Mironov B.N. Grain Prices in Russia for Two Centuries (XVIII–XIX Centuries). Leningrad, 1985, 301 p. (In Russian). 10. Semerikova E.V., Demidova O.A. Analysis of Regional Unemployment in Russia and Germany: Spatial-Econometric Approach. Prostranstvennaya Ekonomika = Spatial Econo-mics, 2015, no. 2, pp. 64–85. DOI: 10.14530/se.2015.2.064-085. (In Russian). 11. Andrabi T., Kuehlwein M. Railways and Price Convergence in British India. The Journal of Economic History, 2010, 70(02), pp. 351–377. DOI: 10.1017/S0022050710000318 12. Cecchetti S.G., Mark N.C., Sonora R.J. Price Index Convergence Among United States Cities. International Economic Review, 2002, vol. 43, no. 4, pp. 1081–1099. DOI: 10.1111/1468-2354.t01-1-00049 13. Demidova O.A. Spatial Effects for the Eastern and Western Regions of Russia: A Comparative Analysis. International Journal of Economic Policy in Emerging Economies, 2015, vol. 8, no. 2, pp. 153–168. 14. Dobado R., Marrero G. Corn Market Integration in Porfirian Mexico. The Journal of Economic History, 2005, vol. 65, no. 1, pp. 103–128. DOI: 10.1017.S0022050705050047 15. Goldberg P.K., Verboven F. Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market // Journal of International Economics, 2005, vol. 65, no. 1, pp. 49–73. DOI: 10.1016/j.jinteco.2003.12.002 16. Goodwin B.K., Grennes T.J. Tsarist Russia and the World Wheat Market. Explorations in Economic History, 1998, vol. 35, no. 4, pp. 405–430. DOI: 10.1006/exeh.1998.0706 17. Kholodilin K.A., Oshchepkov A., Siliverstovs B. The Russian Regional Convergence Process: Where is it Leading? Eastern European Economics, 2012, vol. 50, no. 3, pp. 5–26. DOI: 10.2753/EEE0012-8775500301 18. LeSage J., Fischer M.M. Spatial Growth Regressions: Model Specification, Estimation and Interpretation. Spatial Economic Analysis, 2008, vol. 3, no. 3, pp. 275–304. DOI: 10.1080/17421770802353758 19. Levin A., Lin C.F., Chu C.S.J. Unit Root Tests in Panel Data: Asymptotic and Finite-Sample Properties. Journal of Econometrics, 2002, vol. 108, no. 1, pp. 1–24. DOI: 10.1016/S0304-4076(01)00098-7 20. Metzer J. Railroad Development and Market Integration: The Case of Tsarist Russia. The Journal of Economic History, 1974, vol. 34, no. 3, pp. 529–550. DOI: 10.1017/S0022050700079791 21. O’Rourke K., Williamson J. Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy. Cambridge, MA: MIT Press, 1999, 355 p. 22. Parsley D.C., Wei S.J. Convergence to the Law of One Price without Trade Barriers or Currency Fluctuations // The Quarterly Journal of Economics, 1996, vol. 111, no. 4, pp. 1211–1236. DOI: 10.2307/2946713 23. Solakoglu E.G., Goodwin, B.K. The Effects of Railroad Development on Price Convergence Among the States of the USA from 1866 to 1906. Applied Economics, 2005, vol. 37, no. 15, pp. 1747–1761. DOI: 10.1080/0003684052000344849 24. Vakulenko E.S. Does Migration Lead to Regional Convergence in Russia? NRU Higher School of Economics. Working Papers WP BRP 53/EC/2014. |
| Financing | |
| Date |