The paper analyses how the municipality-level unemployment rates of 1993 and their changes in 1993-2001 were affected by the availability of urban labour markets in Hungary. The year 1941 share of the Jewish population is used as an instrument for availability, in order to mitigate endogeneity,...

It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This study makes an attempt to quantify the budgetary and macroeconomic effects of different ways of widening the formal sector (whitening”) with the help of a model. It turns out...

It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This study makes an attempt to quantify the budgetary and macroeconomic effects of different ways of widening the formal sector (whiteningʺ) with the help of a model. It turns out...