Abstract
The paper elaborates on the theory of “razdatok” economy that covers the institutional characteristics and historical forms of razdatok and was developed in O. Bessonova’s article (Voprosy Ekonomiki. 2012. No 8). The author analyzes the shadow economy in Russia. The theory of razdatok as a specific institutional matrix of Russia is a theoretical frame of this analysis. Razdatok‑type economy has a cyclical nature with four phases — growth, stable existence, crisis and transformation. The model of razdatok economy is extremely important for understanding the essence of the shadow economy and its functional specificity on different phases of a cycle.
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