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2018•Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Requires access

Spatial Integration of Siberian Regional Markets

Konstantin Gluschenko

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Abstract

This paper analyzes integration of 13 regions constituting Siberia with all country’s regions. The criterion of market integration is the law of one price. The data analyzed are time series of the cost of the staples basket over 2001–2015. Pairs of regional markets are divided into four groups: perfectly integrated, conditionally integrated, not integrated but tending towards integration (converging), and neither integrated nor converging.

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What this paper is about

This paper analyzes integration of 13 regions constituting Siberia with all country’s regions. The criterion of market integration is the law of one price. The data analyzed are time series of the cost of the staples basket over 2001–2015. Pairs of regional markets are divided into four groups: perfectly integrated, conditionally integrated, not integrated but tending towards integration (converging), and neither integrated nor converging.

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Available abstract

This paper analyzes integration of 13 regions constituting Siberia with all country’s regions. The criterion of market integration is the law of one price. The data analyzed are time series of the cost of the staples basket over 2001–2015. Pairs of regional markets are divided into four groups: perfectly integrated, conditionally integrated, not integrated but tending towards integration (converging), and neither integrated nor converging.

Key concepts: Market integration, Convergence (economics), Regional integration, Vertical integration, Economic integration, Law of one price, Series (stratigraphy), Economic geography

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