Spatial pattern of Russia’s market integration

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