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To the question of the importance of combating the shadow economy in Russia

Author

Listed:
  • Svetlana PYANKOVA

    (Ural State University of Economics, Ekaterinburg, Russian Federation)

  • Mikhail KOMBAROV

    (Ural State University of Economics, Ekaterinburg, Russian Federation)

Abstract

In their history, many countries of the world had to go through a stage of stagnation. Thus, the UK faced this problem in the 1960s–1970s, the USA in 1970–1982, and in Russia this stage began in 2013 and continues to this day. The factor that makes it difficult to get out of it is the presence of underdeveloped regions within this country, i.e. the unevenness of its spatial development. This factor, in turn, may be due to some other negative circumstances. The present study is aimed at establishing the key of these circumstances and at developing possible ways to level it. Methods: study of the hypotheses presented in the scientific literature and their verification using regression analysis. Results: it has been established that a number of threats to the economic security of Russia, which includes the unevenness of its spatial development, is a connected chain, the initial link of which is a significant level of the shadow economy, amounting to more than 30% of GDP, due to the high scale of corruption. Conclusions: the main tool to combat the shadow economy in Russia, necessary to ensure its economic security, is the improvement of anti-corruption policy, the main goal of which should be to increase the CPI to 70-85 points. With such a scale of corruption, the level of the shadow economy in the country under study will drop to about 12% of GDP, as a result of which its GRP per capita will be more than 70 thousand US dollars in 2010 prices, i.e. exceed that of many economically developed countries.

Suggested Citation

  • Svetlana PYANKOVA & Mikhail KOMBAROV, 2022. "To the question of the importance of combating the shadow economy in Russia," Access Journal, Access Press Publishing House, vol. 3(2), pages 159-176, April.
  • Handle: RePEc:aip:access:v:3:y:2022:i:2:p:159-176
    DOI: 10.46656/access.2022.3.2(6)
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    References listed on IDEAS

    as
    1. Murashov, Yaroslav & Ratnikova, Tatiana, 2017. "The dynamics of unrecorded income of Russian households," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 46, pages 30-54.
    2. Oreshkin, Maxim (Орешкин, Максим), 2018. "Prospects of Economic Policy [Перспективы Экономической Политики]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 8-27, June.
    3. Teplykh, Grigorii & Galimardanov, Amal, 2017. "Modeling of innovative investment in Russian regions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 46, pages 104-125.
    4. Larin, Alexander & Tarunina, Elena, 2015. "Entrepreneurial activity and economic development: The shape of the relationship," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 37(1), pages 3-26.
    5. Leandro Medina & Mr. Friedrich Schneider, 2018. "Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?," IMF Working Papers 2018/017, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Russia; threats to economic security; shadow economy; investment climate; corruption; regions;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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