The Informal Economy of Rostov Oblast on the Eve of the Ukrainian Refugee Crisis

Posted: 28 Sep 2015 Last revised: 3 Oct 2019

See all articles by Gregory J. Brock

Gregory J. Brock

Georgia Southern University - Department of Economics

Date Written: September 27, 2015

Abstract

Using a stochastic frontier production function at the raion (county) level of aggregation, Rostov Oblast rural economy's formal economic growth 2009-2013 is analyzed in conjunction with satellite luminosity data capturing both the formal and informal economy. Satellite luminosity data reveal a growing economy with higher levels of secondary education, access to a federal highway and availability of natural gas associated with wealthier raions. The region's ability to absorb unregistered Ukrainian refugees with both the wealthiest and one of the poorest performing raions right on the Ukrainian border is questionable though on the eve of the crisis most raions exhibited a growing informal and formal economy.

Keywords: Efficiency, Informal economy, Regional economics, Refugees

JEL Classification: O17, O47, P27, R11

Suggested Citation

Brock, Gregory, The Informal Economy of Rostov Oblast on the Eve of the Ukrainian Refugee Crisis (September 27, 2015). Journal of Policy Modeling, Vol. 37, No. 5, pp. 789-803, 2015, Available at SSRN: https://ssrn.com/abstract=2666289

Gregory Brock (Contact Author)

Georgia Southern University - Department of Economics ( email )

P.O. Box 8153
Statesboro, GA 30460-8153
United States
912-478-5579 (Phone)

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