As a consequence of land privatization the land supply became abundant in Hungary. Many of those who bought land for compensation bonds and were not active in agriculture rented it for agricultural cooperatives and companies. Owing to the great land supply and low agricultural incomes, rents are...

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...