Assessment of the contribution of the unobserved economy to the macroeconomic indicators of the regions of the Russian Federation

Sergei Kiselev (), Valery Samsonov (), Sanat Seitov and Ilya Filimonov ()
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Sergei Kiselev: Department of Economics, Lomonosov Moscow State University
Valery Samsonov: Department of Economics, Lomonosov Moscow State University
Ilya Filimonov: Department of Economics, Lomonosov Moscow State University

No 51, Working Papers from Moscow State University, Faculty of Economics

Abstract: The purpose of this article is to assess the impact of the results of unobserved economic activity on the value of the main macroeconomic indicator at the regional level in the Russian Federation – the gross regional product. The article uses the definition of the category "unobservable economy", first formally formulated in the 1993 SNA, developed by the UN Statistical Commission. Based on it, a statistical assessment of the shadow economy in the subjects of the Russian Federation from 2010 to 2020 was carried out by improving the existing methodology of Rosstat due to the fact that at the regional level, the GVA is not adjusted for operations that are not observed by direct statistical methods. The relative scales of the unobservable component were measured, i.e. its share in GRP in 80 subjects of the Russian Federation. The calculations refuted the main hypothesis that Moscow has the largest relative scale of the unobserved economy. For example, in 2020, the Sakha Republic turned out to be such a region of Russia (36.6% against the federal 13.0%).certain students were randomly included in the control group and the treatment group.

Keywords: Unobserved economy; gross regional product (search for similar items in EconPapers)
JEL-codes: C10 C12 C49 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2023-02
New Economics Papers: this item is included in nep-cis, nep-iue and nep-ure
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