Calculation methods of the shadow economy in regions Cover Image

Методи оцінки обсягів тіньового сектору в економіці регіону
Calculation methods of the shadow economy in regions

Author(s): A. Zhurakovskaya
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Economic policy, Socio-Economic Research
Published by: Кіровоградський національний технічний університет
Keywords: production function; Cobb-Douglas function; shadow economy; illegal sector; shadow sector; illegal economy

Summary/Abstract: The article devoted to the analysis the approaches to estimating the volume of informal sector in the economy of the regions. In the article analyzed the calculation method of the shadow economy by production function of Cobb-Douglas, identified its weeknesses. The volume of the shadow economy in Kharkiv region was calculated by this function, admit a general tendency to an increase.