| | PROBLEMS OF MODERN ECONOMICS, N 4 (40), 2011 | | ISSUES OF ECONOMIC THEORY. MACROECONOMICS | | Tertyshnyi S. A. Deputy Head, Chair of Political Economy, St. Petersburg State Mining University, PhD (Economics)
| |
| The article discusses the major scholarly approaches to the phenomenon of shadow economy, shows the present-day situation with this type of economic activity, and describes the shadow sector of economy with the use of institutional analysis methodology | Key words: institutionalism, shadow economy, state regulation, property right, informational asymmetry, transactional costs | |
|
| |
|
|
|