Do energy prices converge across Russian regions?

Alisher Akhmedjonov, Chi Keung Lau

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)


This paper tests for price convergence in Russian energy markets from January 2003 to October 2010. Monthly energy prices for four energy products (diesel, gasoline, electricity and coal) for 83 Russian regions are drawn from Russia's statistical agency Rosstat. The study contributes to the existing literature by using the Exponential Smooth Auto-Regressive Augmented Dickey–Fuller unit root test in a panel setup, which encompasses cross-section dependence. We find that there are no fully integrated national energy markets in Russia, possibly due to the peripheral position of diverging regions, unbalanced distribution of energy reserves and limited cross-border transmission capacity.
Original languageEnglish
Pages (from-to)1623-1631
JournalEconomic Modelling
Issue number5
Publication statusPublished - Sep 2012


Dive into the research topics of 'Do energy prices converge across Russian regions?'. Together they form a unique fingerprint.

Cite this