Economic Analysis: Theory and Practice

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Economic Analysis: Theory and Practice

5(308) - 2013 February

Shadow economy as threat to development of private enterprise in modern Russia

Vol. 12, Iss. 5, FEBRUARY 2013

Available online: 7 February 2013

Subject Heading: Regional development strategy

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Tarasov М.Е. Doctor of Economic Sciences, Professor, First Deputy Director, Winner of the Russian Ministry of Internal Affairs, Honorary Member of the Russian Interior Ministry, Research Institute of Regional Economics of the North Northeast Federal University named after M. K. Ammosov
Toksana19@mail.ru

Tarasova-Sivtseva О.М. senior researcher, graduate student of department of the regional innovation economy, Research institute of regional economics of the North Northeast federal university named after M. K. Ammosov
Toksana19@mail.ru

The article focuses on the exaggerated scale of the shadow economy in Russia.According to Western and local experts, the share of GDP produced in underground economy amounts to 40-50% of the total production of the country's GDP. In a small business there was an extensive network of criminal-oriented business entities, whose activities the line between legitimate business and criminal activities in the economic sphere becomes quite arbitrary and vague.

Keywords: small business, shadow economy, GDP, shadow market, corruption

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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