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Approaches to the definition of the concept and nature of shadow economy and analysis of its magnitude


Ukhanov V.V.
(about the author)

Ukhanov Vadim Vladimirovich – (he Federal Research Center for Integrated Studies of the Arctic – FRC ISArctic)

Published in:
Russian Journal of Entrepreneurship
– Volume 18, Number 22 (November 2017)

JEL classification: O10, O11, O17

Keywords: assessment of magnitude of underground economic activity, Russian Federation, shadow economy, social and economic development


Citation:
Ukhanov V.V. (2017). Approaches to the definition of the concept and nature of shadow economy and analysis of its magnitude. Russian Journal of Entrepreneurship, 18(22), 3405-3418. doi: 10.18334/rp.18.22.38452


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Abstract:

The article systematizes current theoretic and methodological approaches to the concept of «shadow economy». On the basis of the official statistical information provided by state statistical bodies, we give a dynamic assessment of magnitude of the shadow economy in the Russian Federation (from 2002 to 2015), including by separate types of economic activity. We also made cross-country comparisons. The author draws conclusions about negative and positive impact of shadow economic activity on social and economic development of the country and regions.








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