Presentation on theme: "Dinara Peskova, PhD (Econ.), prof. Russia. Legality degree Adequacy of covering economic activity in official statistics Agreement/contradiction to the."— Presentation transcript:
Legality degree Adequacy of covering economic activity in official statistics Agreement/contradiction to the society interests
The most defining economic feature of shadow economy is LACK OF OFFICIAL STATISTICAL CONTROL therefore Shadow economy includes all market-based legal production of goods and services that are deliberately concealed from public authorities
structurally independent self-generating system? OR integral element of the whole economic system?
Direct (surveys of citizens and companies, mostly referred to reveal shadow income ) Indirect (the monetary method; the method of technological indices; the Italian method; balance method; econometric model researches, etc.)
Direct methods tend to understate the results Indirect methods overstate the results *Schneider F., Enste D. (2000) Shadow economies : Size, Causes and Consequences [Текст] // Journal of econ. literature. – Pittsburg. – Vol. 38, №1.
22% of GDP gives official statics of State Statistical Committee of RF 40 % of GDP- Ministry of Internal Affairs (Police) RF 40,6 % of GDP – F. Schneider, A. Buehn, Montenegro (2007) 50-70 % - evaluations of Russian explorers
we offer to measure the shadow income of the population on the basis of average monthly earnings which are mentioned while taking out a loan the largest shadow income was observed in the construction sphere (35%), in the sphere of wholesale and retail trade (57%), and in the restaurant business (46%).
Restriction of the method: it covers only that part of population which is in need and can afford taking out a loan (does not include the least and the most well-off social class)