Impact of shadow economy on the dynamics of indicators of regional social and economic development

Новенькова А.З.1
1 Казанский (Приволжский) федеральный университет, Russia

Journal paper

(РИНЦ, ВАК)
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Volume 1, Number 2 (April-June 2017)

Please, cite as:
Novenkova A.Z. Vliyanie tenevoy ekonomiki na dinamiku pokazateley regionalnogo sotsialno-ekonomicheskogo razvitiya // Tenevaya ekonomika. – 2017. – Tom 1. – № 2. – S. 73-81. – doi: 10.18334/tek.1.2.37632.

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=32607389
Cited: 17 by 07.12.2023

Abstract:
In the article we prove the dual effect of the shadow economy on the dynamics of aggregated indicators of regional socio-economic development. We also that prove that when the actors of the underground economic relations function primarily as institutional innovations, the mesoeconomic indicators are characterized by significant improvement (reduction of unemployment, capital inflows, increase in total expenditure etc.); when the actors of the underground economic relations function primarily as institutional competition and conservation, mesoeconomic indicators are characterized by a downward trend (increase in interregional differentiation, the outflow of highly skilled workers, reduction in private investment, reduction in budget revenues, etc.). This determines the need for legitimization of public administration on the basis of quality improvement and its orientation towards the legalization of informal institutions congruent with the institutional contour of the mesoeconomic system.

Keywords: regional economy, bureaucracy, rent-seeking behavior, informal sector, mesoeconomic indicators, socio-economic development of the region

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