Determinants of the Russian Shadow Economy by Considering the Supply Chain Management Effects

Abstract

The shadow economy in Russia is the most serious problem that destroys the political system and poses a serious threat to the economic security of the country. One of the main solutions to overcome this problem is using the supply chain management strategy in the economy. The aim of this article was to identify the determinants of the shadow economy in Russia and to evaluate their impact on the size of the shadow economy in 2005– 2018. To analyze the existing problem, the authors conducted an expert survey and used its results to define the key socioeconomic determinants of the shadow economy. The econometric analysis was performed to identify specific statistically significant factors and their impact on the shadow economy.