The paper investigates the effect of teacher characteristics (experience, level of education attainment and credentials, gender) on the achievement of eighth grade students using matched student-teacher data from the 1999, 2003 and 2007 TIMSS surveys. The analysis covers European countries, thus...

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...

The actors of economy and politics all over the world have long debated about the effect private equity investments make on economy. The debate focuses on the effect of a narrow group of private equity investments, namely, Leveraged Buyouts (LBO), while nobody questions the positive impact of...