Advantages
The household electricity approach does not require predetermined weights as had been established in previous approaches utilizing electrical consumption to determine the extent of the hidden economy (Lacko 1999, p. 149). Instead the weights of the different causes can be determined during the estimation. By the use of residential electrical consumption, Lacko's approach allows for an accurate measure of market economies as well as transitionary economies approaches utilizing electrical consumption to determine the extent of the hidden economy.
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