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Region: Economics and Sociology

2017 year, number 1

Shadow Economy in Russian Regions: an Estimation with the MIMIC Model

A.P. KIREENKO1, E.N. NEVZOROVA1, E.N. ORLOVA1, O.YU. POLYAKOVA2
1Baikal State University of Economics and Law, Lenin st., 11, 664003, Irkutsk, Russia
2Research Center of Industrial Problems of Development, National Academy of Sciences of Ukraine, Inzhenernyy la., 1-A, 61166, Kharkov, Ukraine
Keywords: теневая экономика, качество жизни, методы измерения теневой экономики, масштабы теневой экономики, регионы, MIMIC-модель, shadow economy, quality of life, methods of measuring the shadow economy, size of the shadow economy, regions, MIMIC model

Abstract

The paper hypothesizes the possibility of estimating the shadow economy in Russian regions based on the population's standard of living and quality of life. The research method involves factor analysis and MIMIC models. For the basis of the study we chose a statistics factor analysis by region for the period between 2002 and 2013, broken down by 17 indicators. We highlight the factors that quantify the quality of life and experience the impact of the shadow economy. We design a MIMIC model and assess regional differences in the scale of the shadow economy. The model allows estimating the scale and dynamics of the shadow economy, as well as the local authorities' contribution to the region's development by evaluating the dynamics of shadow activities within the economy.