Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understandi[...]
Challenges the accepted notion that the transition from the command economy to market based systems is complete across the post-Soviet space. Based on research, conducted in Ukraine and Russia between 2004 - 2007, this book states that the economies that operate across post-Soviet spaces are far fro[...]