The informal sector in the structure of the national economy: Simulation and evaluation

Authors

  • Dr. Olga Lizina National Research Ogarev Mordovia State University
  • Dr. Dinara Bistyaykina National Research Ogarev Mordovia State University
  • Dr. Eka Ermakova National Research Ogarev Mordovia State University
  • Dr. Tatyana Badokina National Research Ogarev Mordovia State University
  • Dr. Tatiana Solovyeva National Research Ogarev Mordovia State University

DOI:

https://doi.org/10.15549/jeecar.v7i3.599

Keywords:

shadow economy, Russia, economic security, MIMIC model, measurement

Abstract

The research into the shadow economy has scientific and practical value. Any state is interested in evaluating the size of the shadow economy as it affects the goals and priorities of the country’s development. This study presents a model for evaluating the shadow economy in the Russian Federation. The authors developed and analyzed an approach to measuring the shadow economy based on factor analysis and a MIMIC model. The study features the factor analysis of the official statistics for Russia over the period from 1992 to 2019, with more than 150 indicators characterizing different spheres of the life of the country. The authors determined the factors affected by the shadow economy, built a MIMIC model on this basis, and estimated the size of the shadow economy in Russia. Assessing the size of shadow activity is important for analyzing economic development and the impact of government regulations on the shadow sector

Author Biographies

Dr. Dinara Bistyaykina, National Research Ogarev Mordovia State University

Candidate of Sociological Sciences, Associate Professor, Department of Social Work, National Research Ogarev Mordovia State University, Saransk, Russia

Dr. Eka Ermakova, National Research Ogarev Mordovia State University

Candidate of Economic Sciences, Associate Professor, Department of Theoretical Economy and Economic Security, National Research Ogarev Mordovia State University, Saransk, Russia

Dr. Tatyana Badokina, National Research Ogarev Mordovia State University

Candidate of Mathematical Sciences, Associate Professor, Department of Fundamental Informatics, National Research Ogarev Mordovia State University, Saransk, Russia

Dr. Tatiana Solovyeva, National Research Ogarev Mordovia State University

Candidate of Sociological Sciences, Associate Professor, Department of Social Work, National Research Ogarev Mordovia State University, Saransk, Russia

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Published

2020-12-01

How to Cite

Lizina, O., Bistyaykina, D. ., Ermakova, E., Badokina, T. ., & Solovyeva, T. . (2020). The informal sector in the structure of the national economy: Simulation and evaluation. Journal of Eastern European and Central Asian Research (JEECAR), 7(3), 292–304. https://doi.org/10.15549/jeecar.v7i3.599