Importance So far, a variety of methods to measure the shadow economy have been developed. However, most of researchers investigate shadow economy at the national level, and far fewer works address the issue at the regional level. Objectives The objective of the study is to develop a methodology for calculating the value of the shadow economy of Russian regions. Methods Econometric methods helped develop a methodology to measure the shadow economy in Russian regions based on the comparison of statistical data and tax reporting. Methodological tools involve mathematical methods for statistical data processing. Results The study solves the problem of calculating the value of the shadow economy in Russian regions. To verify the reliability of obtained results, we performed a correlation analysis of association between the size of the shadow economy in Russian regions and the indicators of socio-economic development of the regions, which relate to the level of the regional shadow economy. Conclusions and Relevance The study made it possible to calculate the value of the shadow economy in Russian regions over 2010–2013. The findings may be useful for the State socio-economic policy implementation at the regional level.
Schneider F., Buehn A., Montenegro C.E. Shadow Economies All over the World: New Estimates for 162 Countries from 1999 to 2007. World Bank, Policy Research Working Paper Series, 2010, no. 5356, pp. 1–54. URL: http://urlid.ru/af3q
Lubell H. The Informal Economy in the 1980s and 1990s. Development Centre of the Organization of Economic Co-operation and Development, Paris,1991, 128 p.
Smith P.M. Assessing the Size of the Underground Economy: The Statistics Canada Perspective. In: Lippert O., Walker M. (Eds). The Underground Economy: Global Evidence of Its Size and Impact. Vancouver, The Fraser Institute, 1997, pp. 11–36.
O'Higgins M. Assessing the Underground Economy in the United Kingdom. In: Feige E.L. (Ed.). The Underground Economies: Tax Evasion and Information Distortion. Cambridge, Cambridge University Press, 1989, pp. 175–195.
Bhattacharyya D.K. An Econometric Method of Estimating the 'Underground Economy'. United Kingdom (1960–1984): Estimates and Tests. Economic Journal, 1990, vol. 100, no. 402, pp. 703–717.
Calzaroni M. The Exhaustiveness of Production Estimates: New Concepts and Methodologies. Proceedings of the International Conference on Establishment Surveys, Buffalo, USA, 2000, pp. 1–10. URL: http://www.oecd.org/std/na/2464056.pdf
Nastav B., Bojnec S. The Shadow Economy in Bosnia and Herzegovina, Croatia, and Slovenia: The Labor Approach. Eastern European Economics, 2007, vol. 45, iss. 1, pp. 29–58. URL: http://urlid.ru/af3w
Schneider F., Savasan F. DYMIMIC Estimates of the Size of Shadow Economies of Turkey and of Her Neighboring Countries. International Research Journal of Finance and Economics, 2007, iss. 9, pp. 126–143.
Tatarkin A.I. Tenevaya ekonomika regiona: diagnostika i mery neitralizatsii [Shadow economy of the region: diagnostics and action to neutralize]. Bezopasnost' Evrazii = Security of Eurasia, 2004, no. 2, pp. 217–231.
Hernando de Soto. Inoi put': Ekonomicheskii otvet terrorizmu [The Other Path: The Economic Answer to Terrorism]. Chelyabinsk, Sotsium Publ., 2007, 408 p.