The aim of the paper is to analyse the determinants of financial crises in a sample of nine transition countries in Central and Eastern Europe with a modified logit model. The modification takes explicitly into account the rare event characteristic of a currency crisis. Our results suggest that...

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...

This article considers the relationship between centralised, exogenous institutions and the embedded, endogenous institutions of rural governance in Europe through an examination of the evaluation procedures of the European LEADER programme. LEADER is presented in the literature as progressive...

The fundamental principles of the EU LEADER Programme are common in every member states. However the Programme was fit to the national legislative framework, institutional culture and social features, thus it was implemented with significant differences in the different EU countries/regions. Our...

Local food and short food supply chains are in the centre of attention among consumers, NGOs as well as policy makers. These systems have long tradition the US and Western Europe; they have been spreading in Hungary, too. The main purpose of this study is to review the international literature on...

According to the hypothesis of our study there is a close relationship between the standard of economic development and the scale of internal spatial disparities. Central in our applied theory is that the first phase of capitalist economic development is characterised with an initially fast and...

The study focuses on the quality of live disparities among Hungarian micro-regions as well as among counties. For measuring quality of life HDI was chosen as the index to work with. The analysis focused on three years (1994, 2001 and 2005), which makes it possible to examine the temporal change...

According to the hypothesis of our study there is a close relationship between the standard of economic development and the scale of internal spatial disparities. Central in our applied theory is that the first phase of capitalist economic development is characterised with an initially fast and...