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  • 1 Samara State University of Economics, Russia
  • 2 Samara State University of Economics, Russia
  • 3 Samara State University of Economics, Russia
  • 4 Samara State University of Economics, Russia
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This article aims to explore the relationship of the shadow economy with the institutional environment and develop practical recommendations for government policies around the world, and particularly in Russia. The urgency of the issue under research is caused by the existing need to study the shadow economy in order to find ways to reduce its scale and level out its negative externalities. Despite the fact that most of the papers focus on tax burden as a fundamental determinant of the shadow economy, the authors of this article believe that institutional tools can expand the boundaries of research on the content of the shadow economy as an economic category. Statistical analysis of 105 countries with different development levels revealed a stronger correlation between the quality of institutions and the size of the shadow economy than the one between total tax burden and the size of the shadow economy. The findings of this article can be useful in developing state strategies for combating the shadow economy and carrying out economic policies of the state as a whole.

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  • Impact Factor (2019): 0.914
  • Scimago Journal Rank (2019): 0.439
  • SJR Hirsch-Index (2019): 12
  • SJR Quartile Score (2019): Q2 Economics and Econometrics
  • Impact Factor (2018): 0.84
  • Scimago Journal Rank (2018): 0.311
  • SJR Hirsch-Index (2018): 11
  • SJR Quartile Score (2018): Q3 Economics and Econometrics

Language: English

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Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

      Török, Ádám (Chairman)
      Berlinger, Edina
      Halmai, Péter
      Kézdi, Gábor
      Kónya, István
      Köllő, János
      Magas, István

Advisory Board

      Ǻslund, Anders
      Kolodko, Grzegorz
      Mau, Vladimir
      Messerlin, Patrick A
      Nuti, Mario Domenico
      Wagener, Hans-Jürgen

Corvinus University of Budapest
Department of Macroeconomics
Fővám tér 8, Budapest, H-1093, Hungary