| 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 |
| URL: |
http://d.repec.org/n?u=RePEc:kyo:wpaper:797&r=cis |