The Shadow Economy A Realistic Assessment
Judging by newspaper publications in the last year and a half, probably no economic process has developed as stormily and rapidly as the shadow economy. The dynamics of the process is truly stunning. In August 1988 the newspaper >i>Trud>/i> [Labor] assessed it at 70-90 billion rubles. In spring of the following year >i>Moskovskie novosti>/i> [Moscow News] raised the scale of the shadow economy to 100-150 billion rubles. Over the summer its volume more than doubled: according to the data of the same >i>Moskovskie novosti>/i>, the shadow economy's capital was valued at 200-240 billion rubles; >i>Argumenty i fakty>/i> [Arguments and Facts] defined its "budget" as 300-350 billion rubles. At year's end, the capital of this sphere of activity was already 500 billion rubles (>i>Sotsialisticheskaia industriia>/i> [Socialist Industry]). Of course, the data of V. S. Pavlov, USSR Finance MinisterĂ¢30 billion rubles (incidentally, this figure was bruited about in the scientific community back in the early 1980s)Ă¢or official estimates of unearned income by the USSR State Committee for Statistics (5.1 billion rubles) lose against this background.
Year of publication: |
1990
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Authors: | Golovnin, S. ; Shokhin, A. |
Published in: |
Problems of Economic Transition. - M.E. Sharpe, Inc., ISSN 1061-1991. - Vol. 33.1990, 3, p. 31-40
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Publisher: |
M.E. Sharpe, Inc. |
Saved in:
freely available
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