Methods of estimating the activities in the Russian shadow economy
The aim of the paper is the development and testing of new approaches to estimate the activities in the Russian shadow economy. The research presents an analysis of the main approaches to estimate the size of the activities in the shadow economy and to identify their disadvantages and limitations in practice. The paper proposes a modified version of the resource-based approach, based on an estimation of discrepancies in the volume of production and input characteristics for industries with a relatively high level of intermediate goods and services consumption. As practical results of the study the paper presents the estimates of the size of shadow activities in key industries of the Russian economy.
shadow economy, System of National accounts, value added, gross domestic product