ABSTRACT

This paper studies the integration of regional goods markets in Russia over the period 2001–19, analysing the law of one price. The analysis involves all pairs of country’s regions, which provides a comprehensive spatial pattern of market integration. The region pairs are classified as belonging to one of four groups: perfectly integrated, conditionally integrated, not integrated but tending towards integration (converging), and neither integrated nor tending towards integration. On average, a region is found to be perfectly and conditionally integrated with 48.7% of other regions and tending towards integration with 3.3% of them. Comparisons of the European and Asian parts of Russia and other considerations suggest that geographical reasons explain the pattern obtained only partially. Apparently, idiosyncratic features of regional markets play a main role in non-integration.

摘要

本文研究了 2001-19 年期间俄罗斯区域商品市场的整合，分析了一个价格规律。分析涉及国家的所有区域，提供了一个综合的市场整合空间格局。区域对被归类为属于以下四组之一：完全整合、有条件整合、不整合但趋于整合（收敛）和既不整合也不趋于整合。平均而言，发现一个区域与 48.7% 的其他区域完美且有条件地整合，并倾向于与 3.3% 的其他区域整合。俄罗斯的欧洲和亚洲部分的比较和其他考虑表明地理原因只能部分解释所获得的模式。显然，