Observed price levels vs. predicted wages for Russian regions. Source: Observed prices from Gluschenko and Karandashova (2016). Predicted wages from author’s model simulations.

 
 
  Part of: Melchior A (2019) Russia in world trade: Between globalism and regionalism. Russian Journal of Economics 5(4): 354-384. https://doi.org/10.32609/j.ruje.5.49345