Результаты исследований: Научные публикации в периодических изданиях › статья › Рецензирование
The moscow market in the country’s economic space. / Gluschenko, Konstantin.
в: Applied Econometrics, Том 48, 01.01.2017, стр. 5-21.Результаты исследований: Научные публикации в периодических изданиях › статья › Рецензирование
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TY - JOUR
T1 - The moscow market in the country’s economic space
AU - Gluschenko, Konstantin
PY - 2017/1/1
Y1 - 2017/1/1
N2 - This paper studies integration of the Moscow market for final goods with markets of all other Russian regions. It considers an aggregated market represented by a minimum food basket. The law of one price serves as a criterion of market integration. It is a base for constructing time series models of the regional costs of the staples basket over 2001–2015 relative to its cost in Moscow. Regional markets are divided into four groups: integrated with the Moscow market, conditionally integrated with it, not integrated but tending towards integration with the Moscow market, and neither integrated nor tending towards integration. Nonlinear time series models with asymptotically decaying trends capture a movement towards integration (price convergence).
AB - This paper studies integration of the Moscow market for final goods with markets of all other Russian regions. It considers an aggregated market represented by a minimum food basket. The law of one price serves as a criterion of market integration. It is a base for constructing time series models of the regional costs of the staples basket over 2001–2015 relative to its cost in Moscow. Regional markets are divided into four groups: integrated with the Moscow market, conditionally integrated with it, not integrated but tending towards integration with the Moscow market, and neither integrated nor tending towards integration. Nonlinear time series models with asymptotically decaying trends capture a movement towards integration (price convergence).
KW - Law of one price
KW - Market integration
KW - Nonlinear trend
KW - Price convergence
KW - Russian regions
UR - http://www.scopus.com/inward/record.url?scp=85042033570&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85042033570
VL - 48
SP - 5
EP - 21
JO - Applied Econometrics
JF - Applied Econometrics
SN - 1993-7601
ER -
ID: 9961389