International Accounting

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

Assessment of the impact of shadow economy on the amount of tax revenue: A regional perspective

Vol. 22, Iss. 11, NOVEMBER 2019

Received: 15 August 2016

Received in revised form: 26 August 2016

Accepted: 5 September 2016

Available online: 15 November 2019

Subject Heading: Tax and taxation

JEL Classification: H21, H26, H61, H62, H71

Pages: 1309–1324

Tsepelev O.A. Amur State University (AmSU), Blagoveshchensk, Amur Oblast, Russian Federation

ORCID id: not available

Kolesnikova O.S. Amur State University (AmSU), Blagoveshchensk, Amur Oblast, Russian Federation

ORCID id: not available

Subject The article examines the role of shadow economy as one of the factors influencing the yield and stability of the budget.
Objectives The paper aims to quantify the impact of the underground economy on the amount of tax revenues of regional budgets and justify the need for systematic identification of tax losses from the shadow economy for effective fiscal policy.
Methods For the study, we used the balancing method, based on comparison of data from different sources.
Results In the Amur Oblast, the level of shadow economy is quite high due to the existence of a large number of factors for emergence and spread of the phenomenon, particularly in trade, agriculture, transport and communications. Annually, the regional budget loses a significant portion of tax revenues. This reduces its autonomy, increases dependence on federal transfers and promotes the growth of public debt of the oblast.
Conclusions We conclude that the shadow economy has a significant impact on the amount of tax revenues and, consequently, it reduces the possibility of realization of socio-economic policy of the oblast. Therefore, the reduction of budget tax losses from the shadow economy is an essential prerequisite for sustainable development of the oblast.

Keywords: shadow economy, regional budget, tax losses, personal income tax, tax collection


  1. Katsios S. The Shadow Economy and Corruption in Greece. South-Eastern Europe Journal of Economics, 2006, vol. 4, iss. 1, pp. 61–80.
  2. Schneider F., Enste D. Shadow Economies: Size, Causes, and Consequences. Journal of Economic Literature, 2000, vol. 38, iss. 1, pp. 77–114. URL: Link
  3. Latov Yu.V. [The role of shadow economy in social and economic history]. Istoriko-ekonomicheskie issledovaniya = Historical and Economic Studies, 2006, vol. 7, no. 3, pp. 9–48. (In Russ.)
  4. Ispravnikov V.O. [Shadow economy and the prospects for the middle-class education]. Obshchestvennye nauki i sovremennost' = Social Science and Modern Times, 1998, no. 6, pp. 40–50. (In Russ.)
  5. Eliseeva I.I., Burova N.V. Podkhod k izmereniyu tenevoi ekonomiki v regionakh. V kn.: Nauchnye trudy RETsEP [An approach to the measurement of the shadow economy in the regions. In: Scientific works of RECEP]. Moscow, RECEP Publ., 2001, pp. 2–12. (In Russ.)
  6. Kostin A.V. [Shadow economy and public administration]. Vestnik NGU. Ser. Sotsial'no-ekonomicheskie nauki = Vestnik NSU. Series: Social and Economics Sciences, 2012, vol. 12, no. 1, pp. 18–25. (In Russ.)
  7. Morozova N.O. [A method of measuring the size of shadow economy, formed as a result of the imposition of taxes and subsidies: an application of the concept of surplus]. TERRA ECONOMICUS, 2009, vol. 7, no. 1, pp. 58–66. (In Russ.)
  8. Kuklin A.A., Agarkov G.A. [The shadow economy of the region: peculiarities of manifestation and diagnostic methods]. Ekonomika regiona = Economy of Region, 2005, no. 1, pp. 39–53. (In Russ.)
  9. Burov V.Yu., Burova L.A., Gonin V.N. Uklonenie ot uplaty nalogov kak faktor snizheniya ekonomicheskoi bezopasnosti malogo predprinimatel'stva: monografiya [Tax evasion as a factor to reduce the economic security of small business: a monograph]. Chita, ZabSU Publ., 2014, 188 p.
  10. Tsepelev O., Serikov S. Procedure for Regional Investment Potential Assessment by Institutional Sectors of Economy. Indian Journal of Science and Technology, 2016, vol. 9, iss. 14, pp. 1–6. URL: Link
  11. Biryukov E.S. [Alternative approaches to estimating the shadow sector of economy]. Vestnik ChelGU = Bulletin of Chelyabinsk State University, 2010, no. 27, pp. 21–25. (In Russ.)
  12. Cheremisina N.V. [Methods of statistical evaluation of the shadow economy]. Vestnik TGU = Tomsk State University Journal, 2006, no. 3, pp. 96–103. (In Russ.)
  13. Tsepelev O.A. [Non-observed economy of the region: problems of measurement and assessment of data quality]. Izvestiya IGEA = Izvestiya of Irkutsk State Economics Academy, 2007, no. 2, pp. 64–66. (In Russ.)
  14. Kostin A.V. [Experience in measuring the informal economy in Western literature]. Vestnik NGU. Ser. Sotsial'no-ekonomicheskie nauki = Vestnik NSU. Series: Social and Economics Sciences, 2011, vol. 11, no. 4, pp. 33–43. (In Russ.)
  15. Kireenko A.P., Ivanov Yu.B. [Assessment of the shadow economy based on the indicators of living standards and quality of life of the population]. Izvestiya IGEA = Izvestiya of Irkutsk State Economics Academy, 2013, no. 4, pp. 109–113. (In Russ.)
  16. Medvedev G.A. [On methods for assessing the shadow regional economy]. TERRA ECONOMICUS, 2007, vol. 5, no. 2-3, pp. 208–211. (In Russ.)
  17. Kolesnikova O.S. Otsenka byudzhetnykh poter' ot tenevoi ekonomiki: regional'nyi aspekt. V kn.: Problemy finansov, kredita i bukhgalterskogo ucheta v usloviyakh reformirovaniya ekonomiki [Assessment of budget losses from shadow economy: a regional dimension. In: Problems of finance, credit and accounting in the context of economic reform]. Khabarovsk, TOSU Publ., 2016, pp. 101–104.
  18. Tsepelev O.A., Simutina N.L. Izmerenie nenablyudaemoi ekonomiki v regione: monografiya [Measuring the non-observed economy in the region: a monograph]. Blagoveshchensk, AmSU Publ., 2006, 188 p.
  19. Tsepelev O.A. [Factors of formation and differentiation of poverty: a regional perspective]. Vestnik TOGU = Bulletin of TOSU, 2014, no. 1, pp. 225–232. (In Russ.)
  20. Schneider F., Enste D. Hiding in the Shadows. The Growth of the Underground Economy. Washington, Intern. Monetary Fund, 2002, 16 p.
  21. Gurvich E.T., Suslina A.L. [Dynamics of tax collection in Russia: a macroeconomic approach]. Finansovyi zhurnal = Financial Journal, 2015, no. 4, pp. 22–33. (In Russ.)

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 22, Iss. 11
November 2019