Distribution Dynamics of Russian Regional Prices

26 Pages Posted: 22 Dec 2013

See all articles by Konstantin Gluschenko

Konstantin Gluschenko

Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences; Department of Economics, Novosibirsk State University

Date Written: October 20, 2013

Abstract

This paper studies the behavior of the entire distribution of consumer prices across Russian regions over the decade of 2001–2010. The analysis uses non-parametric techniques, exploiting the distribution dynamics approach. The results obtained evidence that regional relative prices in Russia remained fairly stable during 2001-2010. No significant changes are found in price dispersion and cross-region price distribution over this time span. Rank mobility was very low with seasonal surges. The pattern of quantity mobility manifests neither convergence nor divergence of regional prices. However, a long-run price distribution has an unpleasant feature, predicting potential emergence of a price convergence club in the Russian Far East.

Keywords: price convergence; price dispersion; price mobility; market integration; stochastic kernel

JEL Classification: P22, R10, R15

Suggested Citation

Gluschenko, Konstantin, Distribution Dynamics of Russian Regional Prices (October 20, 2013). William Davidson Institute Working Paper No. 1061, Available at SSRN: https://ssrn.com/abstract=2370601 or http://dx.doi.org/10.2139/ssrn.2370601

Konstantin Gluschenko (Contact Author)

Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences ( email )

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