Abstract
The article presents the current applications of econometric methods in the analysis of gray economy. The work presents a formal framework of methodology for the study of unofficial economy and the possibilities of econometric methods in analyzes aimed at estimating the size of the shadow economy and in-depth studies of its structure and cause-and-effect relationships. In addition to indirect methods, such as the balance of electricity consumption (household electricity approach) of M. Lacko or the analysis of the currency demand method of V. Tanzi – the methodology of structural equation models, assessed as an approach with unused exploratory potential, has been widely discussed.
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