Russia’s Informal Economic Growth: 1960–1990

Yoshisada Shida

No 69, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: This paper studies the historical GDP of Russia from perspective informal economy. We re-estimate nominal and real informal GDP in the period 1960–1990, using the expenditure approach and declassified archival materials of household budget surveys. The main findings are as follows. First, previously estimated values of Russia’s nominal GDP were underestimated, on average, by about 12.6% for 1960–1990, due to ignoring informal GDP. Second, after including informal GDP, we find that economic growth is 15–39 percentage points lower during this period, which corresponds to differences in the annual growth rate in the range of 0.24–0.38 percentage points.

Keywords: informal economy; historical statistics; Russia; USSR (search for similar items in EconPapers)
JEL-codes: N14 N24 N27 O17 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2017-03
New Economics Papers: this item is included in nep-cis, nep-gro, nep-his, nep-iue and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:69

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