Dynamics of regional price levels in russia

Issue № 1, 2020, article № 9, pages 91-95

Section: Competition of young authors

Language: Russian

Original language title: ДИНАМИКА РЕГИОНАЛЬНЫХ УРОВНЕЙ ЦЕН В РОССИИ

Keywords: ECONOMIC GEOGRAPHY, REGIONAL ECONOMICS, DYNAMICS, PRICE LEVEL, WELFARE, HETEROGENEITY, APPLIED ECONOMETRICS

Abstract: During transition from Soviet to market economy Russian regions developed in different ways – in particular, regions became very different in prices, welfare and distance from the economic centers. The paper considers relations between these variables in dynamics for 2002-2019. It’s shown that during the whole period regions have converged at prices. At the same time during high growth (2002-2008) and after 2014 the goods became more expansive in rich regions. During international economic crisis and in the recovery period 2009- 2014 this tendency was insignificant. During 2002-2014 the highest in flation was in the most distant regions. In the last 5 years this trend was reversed. Some more dependencies have been identified using panel data models. The research is supported by RFBR, grant 19-010-00183.

Authors: Ismoilov Gairatbek Nuridin