RUSSIA’S SHADOW ECONOMIES FEATURES

Abstract

The subject is a phenomenon of “shadow economy” in Russia. The goal of the research is to determine the shadow economies role in the reproduction process; to identify and think over the specifics of the shadow economic activity in Russia. Methodology. The research methodology is based on the general scientific methods (scientific abstraction, unity of historical and logical, analysis and synthesis, induction and deduction, methods of comparison and analogy) and special methods of cognition (monetary methods). The research is based on systemic and integrated approaches. The information base is compiled by official statistical data, normative legal acts, works of leading researchers. Results. A retrospective analysis of shadow economic activity in Russian economy is presented. The authors identify the specifics of shadow relations in the Russian economy, appealing to political, institutional, and socio-cultural changes in Russian society. The factors that played a key role in a particular period are identified. The modern period of development is described more precisely. The influence of external shocks on the shadow economy is assessed. Scope of the results. Within process of developing mechanisms to fight shadow economy. Conclusions. With the development and expansion of economic relations in the process of historical development, the scale of hidden activities also increases. Each stage of the historical and socio-economic development has its own unique forms of shadow economy. This period is characterized by digitalization of shadow relations, shift of corruption to the highest level, outflow of capital abroad, and the tightening of penalties for conducting shadow activities.