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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Famous quotes containing the word advantages:
“... is it not clear that to give to such women as desire it and can devote themselves to literary and scientific pursuits all the advantages enjoyed by men of the same class will lessen essentially the number of thoughtless, idle, vain and frivolous women and thus secure the [sic] society the services of those who now hang as dead weight?”
—Sarah M. Grimke (1792–1873)
“In 1845 he built himself a small framed house on the shores of Walden Pond, and lived there two years alone, a life of labor and study. This action was quite native and fit for him. No one who knew him would tax him with affectation. He was more unlike his neighbors in his thought than in his action. As soon as he had exhausted himself that advantages of his solitude, he abandoned it.”
—Ralph Waldo Emerson (1803–1882)
“To become aware in time when young of the advantages of age; to maintain the advantages of youth in old age: both are pure fortune.”
—Johann Wolfgang Von Goethe (1749–1832)