nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2011‒12‒05
one paper chosen by
Koen Schoors
Ghent University

  1. The Unofficial Economy in Russia By Byung-Yeon Kim

  1. By: Byung-Yeon Kim (Department of Economics, Seoul National University, Institute of Economic Research, Kyoto University)
    Abstract: This paper provides the various estimates of Russia’s unofficial economy during the transition period and discusses the estimation methods of the unofficial economy. It suggests that Russia’s unofficial economy, which substantially increased during the early 1990s and stands still high compared to other countries, is caused by the institutional and cultural legacy from the Soviet era and problems in the transition period such as poor quality of institutions and newly available opportunities. It emphasizes the importance of understanding the evolution of the unofficial economy over time and its heterogeneity across countries.
    Date: 2011–11

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