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Influence of energy prices on the size of shadow economy: a cross country analysis

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  • Ageeva Svetlana
  • Suslov Nikita

Abstract

We supposed that expenditure growth brought about by an increase of energy price might make it attractive for the firms to hide more taxes and social payments in order to compensate this growth, which could additionally raise the size of shadow economy. To test this hypothesis we, first, used some existing data on the size of the shadow economy for the period of 2000-2003 derived with the help of DYMIMIC model and, secondly, provided our own estimates the share of unofficial sector in GDP using the demand for money method for the period of 2003-2006. Testing both the samples showed a positive correlation between the shadow economy size and the real energy price.

Suggested Citation

  • Ageeva Svetlana & Suslov Nikita, 2009. "Influence of energy prices on the size of shadow economy: a cross country analysis," EERC Working Paper Series 09/05e, EERC Research Network, Russia and CIS.
    • Handle: RePEc:eer:wpalle:09/05e
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    Citations

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    Cited by:

    1. Luca Urciuoli, 2020. "Fuel theft in road freight transport: understanding magnitude and impacts of anti-theft devices," Journal of Transportation Security, Springer, vol. 13(1), pages 1-18, June.
    2. Vorobyev Pavel, 2015. "Estimating informal economy share in Russian regions," EERC Working Paper Series 15/02e, EERC Research Network, Russia and CIS.

    More about this item

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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