Estimate of shadow economy dynamics in Russia and regions: The inflationary aspect

Sergey Arzhenovskiy

Applied Econometrics, 2023, vol. 69, 121-140

Abstract: The share of the shadow economy in the GDP of Russia and by region — in the GRP of the regions, was estimated in the study, based on quarterly data. The methodology included two approaches — structural modeling and using of the cash demand model. Estimation of consumer price index elasticity factors by the share of shadow economy in GDP/GRP was carried out. Comparison of empirical results of the study with obtained other authors and other methods, both by country and by region, showed their comparability.

Keywords: shadow economy; Russian region; MIMIC; cash demand approach; inflation and shadow economy. (search for similar items in EconPapers)
JEL-codes: C33 C39 E26 E31 O17 (search for similar items in EconPapers)
Date: 2023
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