Article ID Journal Published Year Pages File Type
981388 Procedia Economics and Finance 2015 5 Pages PDF
Abstract

The informal sector became an independent segment of a labor market and has essential impact on social and economic system as a whole. Research of dependence of economic growth on indexes of changes of labor shadow sector in the Russian economy is presented in article. The results, which were received within regression model, showed that there is a significant dependence of the gross domestic product dynamics on dynamics of employment and salary indexes in shadow sector. As a whole the shadow economy makes ambiguous impact on economic development. The main efforts of Russian government should be aimed at the development of economic institutes, improvement of efficiency of the employment policy and the income policy, legislation and taxation improvement.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics