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Shadow Economy in the Context of Economic Crisis: Circumstance Analysis and the Forecasting of Consequences

Author

Listed:
  • Alexey Naydenov

    (Institute of Economics, Ural Branch of Russian Academy of Sciences. Centre for Economic Security)

  • Ilya Krivenko

    (Institute of Economics of the Ural Branch of Russian Academy of Science)

Abstract

The article is devoted to the problem of estimating dynamic of shadow economy in the context of socio-economic crisis negative influence. Factors and threats supporting the increase of shadow economy during the economic crisis were studied. Current situation in the Ural Federal District with regard to shadow economic activity for the period from 2006 to 2012 was represented. The results of forecasting shadow activity were given in the article on the example of Ural Federal District regions. Data obtained was used for developing target program activities, aimed at minimization of negative influence of shadow economy during the economic crisis. Special attention was given to the problem of improving the effectiveness of international cooperation concerning counteraction of shadow economic activity.

Suggested Citation

  • Alexey Naydenov & Ilya Krivenko, 2013. "Shadow Economy in the Context of Economic Crisis: Circumstance Analysis and the Forecasting of Consequences," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 46-53.
    • Handle: RePEc:ura:ecregj:v:1:y:2013:i:1:p:46-53
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    References listed on IDEAS

    as
    1. Ceyhun Elgin & Oguz Oztunali, 2012. "Shadow Economies around the World: Model Based Estimates," Working Papers 2012/05, Bogazici University, Department of Economics.
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