Vlasov A.P. Methods of assessment of black market economy

Abstract: The subject of this research is the comparative analysis of the methods of assessment of the quantitative parameters of black market economy. In essence, in order to determine the volume of hidden economy, it is necessary to calculate the “shortages”. The article presents direct and indirect methods that are used by economists to assess and compare the black market economies of different countries. The black market economy is a complex and a diverse phenomenon. The authors of various theories interpret the nature of this phenomenon differently. The article gives an overview of the methods used in assessing the black market economy, and highlights their key merits and flaws. Amongst the methods of black market economic activity, the ones that have gained the most popularity are the statistical method of specific indicators, especially those such as the method of comparison of incomes and spending and method of currency demand. The author presents the results of assessment of black market economy in Russia using these methods.

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