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Inter-regional price convergence and market integration in Russia.

Publication: International Advances in Economic Research
Publication Date: 01-NOV-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
A spatial pattern of goods market integration in Russia is analyzed. For each region of the country, this pattern suggests whether it is integrated with the national market, and if not, whether it moves towards integration. To model the movement towards integration (i.e., long-run intermarket price convergence), an autoregression...

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