TY  - JOUR
TI  - Determinants of Price Differentiation across Russian Regions
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - regional price level
KW  - regional price differences
KW  - regression analysis of Russian regions
KW  - the Balassa – Samuelson effect
KW  - the costs of regional trade
AB  - In the paper, the authors investigate factors of regional price differentiation in the Russian Federation. According to official statistics, the price of a fixed basket of goods and services in different regions may currently differ by more than two-fold. Based on econometric methods of panel data analysis, it was established that in the period 2000-2015, differences in regional prices were caused by the following factors: the Balassa - Samuelson effect (differences in wages, regional economic structure, income structure); the costs of regional trade (distance of the region from other RF regions); the level of monopolization of retail trade.The results obtained in the article can be used in developing and implementing economic policy aimed at poverty reduction, since differences in the purchasing power of the same income in different regions of Russia create prerequisites for unforeseen changes in inequality.It is equally important to take into account regional price differences in assessing the efficiency of transport and logistics projects, since such projects can lead to a reduction in regional price differences due to lower interregional trade costs.The results are important in the development and analysis of the consequences of monetary policy. Decisions in the sphere of monetary policy are the same for all regions, how ever, due to regional price differentiation, their influence on inflation in individual regions may be different. Thus, accounting for price differences between regions can improve the accuracy of forecasting the consequences of monetary policy measures.
AU  - Yuri Perevyshin
AU  - Sergey Sinelnikov-Murylev
AU  - Pavel Trunin
UR  - https://ej.hse.ru/en/2017-21-3/211109253.html
PY  - 2017
SP  - 361-384
VL  - 21