Maga A.A., Nikolau P. E.Published in:
Shadow Economy
– Volume 3, Number 2 (April-June 2019)



Keywords: measuring the size of the shadow economy, shadow economy, Uzbekistan


Share:

Abstract:

The economy of Uzbekistan was in crisis throughout the period after the collapse of the USSR and one of the negative consequences was the growth of the volume and various forms of the shadow economy. The shadow sector acquired such forms as criminal income, tax evasion and shadow employment. All of these activities fall under the definition of the shadow economy, a phenomenon that is extremely complex and presents certain problems in measurement. In this work, we try to measure the volume of the shadow economy of Uzbekistan by several methods and get very contradictory results that do not allow us to determine the effectiveness of the methods used with a high probability. According to the results of our analysis, the volume of the shadow economy of Uzbekistan for the analyzed period ranged from 12 to 52%.

---

References:
Bokun N. (1997). Problemy statisticheskoy otsenki tenevoy ekonomiki [Problems of statistical estimation of shadow economy]. “Bulletin of Statistics" ( "Voprosy statistiki"). (7). 11 – 19. (in Russian).
Burov V. Yu. (2014). Tenevaya ekonomika i maloe predprinimatelstvo: teoreticheskie i metodologicheskie osnovy issledovaniya [The shadow economy and small business: theoretical and methodological foundations of research] Chita : ZabGU. (in Russian).
Burov V.Yu. (2017). O novom zhurnale «Tenevaya ekonomika» [About the new "Shadow economy"]. Shadow Economy. 1 (1). 8-12. (in Russian). doi: 10.18334/tek.1.1.38319.
Cagan P. (1958). The Demand for Currency Relative to the Total Money Supply Journal of Political Economy. 66 (4). 303-328.
Eliseeva I.I. (2001). Podkhod k izmereniyu tenevoy ekonomiki v regionakh [The approach to measuring the shadow economy in the regions] Moscow. (in Russian).
Feige E. L. (1990). Defining and Estimating Underground and Informal Economies: The New Institutional Economics Approach World Development. 18 (7). 989-1002.
Kostin A.V. (2011). Opyt izmereniya tenevoy ekonomiki v zapadnoy literature [Experience in measuring the shadow economy in Western literature]. Vestnik Novosibirskogo gosudarstvennogo universiteta. Seriya: Sotsialno-ekonomicheskie nauki. 11 (4). 33-43. (in Russian).
Lackó, M. (2000). Hidden Economy – an Unknown Quantity? Comparative Analysis of Hidden Economies in Transition Economies, 1989–95 Economics of Transition. 8 (1). 1–66.
Maskakova I. D. (2000). Primenenie «italyanskogo metoda» dlya otsenki vypuska produktsii po otraslyam ekonomiki s uchetom skrytoy i neformalnoy deyatelnosti v otdelnyh regionakh Rossii [The application of the "Italian method" for the estimation of output by industries is subject to the hidden and informal activities in some regions of Russia]. “Bulletin of Statistics" ( "Voprosy statistiki"). (6). (in Russian).
Nikolaeva M.I., Shevyakov A.Yu. (1990). Tenevaya ekonomika: metody analiza i otsenki [The shadow economy: methods of analysis and evaluation]. Economics and the Mathematical Methods. 26 926 – 935. (in Russian).
Ponomarenko A. (1997). Neuchtennye dokhody i struktura VVP [Unaccounted income and GDP]. “Bulletin of Statistics" ( "Voprosy statistiki"). (4). (in Russian).
Popov V. V. (2002). Metody izmereniya tenevoy ekonomiki i ikh ispolzovanie v postsovetskoy Rossii. Ekonomicheskaya teoriya prestupleniy i nakazaniy. Tenevaya ekonomika v sovetskom i postsovetskom obschestvakh [Measurement methods of shadow economy and their use in post-Soviet Russia. Economic theory of crime and punishment. The shadow economy in the Soviet and post-Soviet societies] Moscow. (in Russian).
Schneider F. (2017). Restricting or Abolishing Cash: An Effective Instrument for Fighting the Shadow Economy, Crime and Terrorism? International Cash Conference 2017 – War on Cash: Is there a Future for Cash?.
Williams, C. C., & Lansky, M. A. (2013). Informal employment in developed and developing economies: Perspectives and policy responses, (December)
Yakovlev A., Vorontsova O. (1997). Metodicheskie podkhody k otsenke velichiny neuchtennogo nalichnogo oborota [Methodological approaches to estimating the unaccounted cash turnover]. Voprosy Ekonomiki. (9). 114-126. (in Russian).