Institute of Economics

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Author: search.filters.author.Djambaska, ElizabetaStart date: 2020

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    CIRCULAR ECONOMY AND SUSTAINABLE GROWTH EVIDENCE FROM NORTH MACEDONIA
    (Institute of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, Republic of North Macedonia, 2025-11)
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    Josimovska, Tea
    Abstract: Sustainable economic growth has become a central priority for countries striving to balance economic development with environmental protection and social well-being. The concept of the circular economy (CE), which emphasizes resource efficiency, waste reduction and innovation is in icreasingly recognized as a pathway to achieving long-term sustainability. Estimating an extended Cobb–Douglas production function that incorporates traditional growth drivers (capital, labour) alongside sustainability-related variables (resource productivity, renewable energy,), the paper tests the hypothesis whether the higher resource productivity and renewable energy use, contributes positively to GDP growth while reducing environmental pressures (decreasing CO₂ emissions). The estimation is made with ARDL model and use annual time-series data for North Macedonia (NM) covering the period from 2000 – 2023. The research findings* reveal that economic growth in North Macedonia is driven by the traditional factors, especially labour. Also, a 1% increase in resource productivity is associated with a 0.75% increase in GDP is strong and direct validation of the circular economy concept. It shows that North Macedonia can achieve economic growth not just by extracting and using more resources, but by using them more efficiently. This finding directly supports the idea of "decoupling" economic growth from environmental degradation.
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    NORTH MACEDONIA’S DEMOGRAPHIC FUTURE: INSIGHTS FROM THE POPULATION PROJECTIONS
    (Ss. Cyril and Methodius University in Skopje, 2025-11-02)
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    SOCIO-ECONOMIC DEVELOPMENT AND QUALITY OF LIFE IN TERMS OF DEMOGRAPHIC CHANGES IN NORTH MACEDONIA
    (University Ss. Cyril and Methodius in Skopje, 2024)
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    Djambaska, Elizabeta
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    Quality of Life in the Republic of North Macedonia Seen Through the Human Development Indicators
    (IGI Global, 2020)
    Djambaska, Elizabeta
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    <jats:p>This chapter considers the trend of human development in the RNM, presented through the HDI. The special focus would be the links with the problem of poverty and inequality in the economy, regarding the data for the GINI, IHDI, GDI, poverty line, MPI, vulnerable employment, and youth unemployment. The research subject is the period from 2010 to 2017, using the secondary statistical data. Comparative analysis, with the countries from the CESEE countries, further improve the quality of the chapter. The RNM is a country with a high level of human development, and it is relatively equally distributed among the population. There is a difference in the distribution of the achievements of HD and an intermediate level of equality in the distribution between the genders. Income inequality expressed with the GINI index shows increase. The results confirm that there is no automatic link between the economic growth and human development. Income and gender inequality regress the quality of life in Macedonia. Growth in RNM in the past period has failed to produce the expected positive effects. </jats:p>
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    DEMOGRAPHIC CHANGES IN NORTH MACEDONIA – EFFECTS AND CONSEQUENCES ON ECONOMIC GROWTH
    (University Ss. Cyril and Methodius in Skopje, 2024)
    Djambaska, Elizabeta
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    DEMOGRAPHIC CHANGES IN NORTH MACEDONIA – EFFECTS AND CONSEQUENCES ON ECONOMIC GROWTH
    (Institute of Economics - Skopje, 2024-05)
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    Petkovski, Vladimir
    This paper aims to analyze the demographic changes occurring in the Republic of North Macedonia and their impact on the economy, with a specific focus on labour market dynamics, aggregate demand and supply shifts, regional development disparities, and implications for economic growth. Through this analysis, the paper seeks to identify key challenges and propose strategic measures to address them. The research utilizes data from the 2021 census and other relevant sources to examine the demographic trends in the Republic of North Macedonia, including population decline, aging, and emigration patterns. By examining these interrelated factors, the paper aims to provide insights into the challenges faced by the Macedonian economy and propose policy recommendations to promote sustainable development and address demographic challenges effectively
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    Identifying employee skills in SMEs in the Republic of North Macedonia
    (EMAN 2020, 2020-09-03)
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    Piperkova, Irina
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    Djambaska, Elizabeta
    The main aim of this paper is to identify current levels of knowledge, skills and abilities of the SMEs’ employees in North Macedonia, vis-à-vis firms’ needs for knowledge and skills. This paper analyzes the current levels of employee job-specific, soft, digital and entrepreneurial skills on a sample of firms in North Macedonia. For the purposes of this research, the employees were classified in three categories: core employees, supporting employees and managers. The results of the research show that the main challenge regarding the soft skills refers to solving complex problems, capacity for job analysis and initiative. Adapting to new technologies is found to be the weakest aspect of digital skill among employees. Entrepreneurial skills related to risk taking, capacity to generate new ideas, creativity and innovation as well as flexibility at work are also considered to be a challenge.
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    Theoretical approach of macroeconomic policy measures for solving economic consequences of covid-19
    (Institute of Economics - Skopje, 2020-06)
    Djambaska, Elizabeta
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    COVID-19 is a virus that cause health problems to the population and spread very fast in the world as a pandemic. At the same time when the health and human lives are affected, economy is also impacted by an outbreak. The primary effect of the corona crisis, that defers it from some previous ones, is that the initial economic shocks occur simultaneously on supply and demand side. The shocks initially are caused by the state measures taken for the virus spreading i.e. the state decree for restrict or prohibit human movement, tourist travel, the work of business entities in some activities was completely reduced, in others significantly limited. Hence, one of the first sectors impacted by an outbreak is the public and private health system, then tourism, trade, transport, agriculture, constructions and industry. Indirectly and in very short time the functioning of the whole economy is threatened. The main question is, are the government interventions in the economy necessary and which measures are appropriate to manage the economic consequences from the pandemic. This paper discusses about the theoretical approach of the macroeconomic measures that government can use on both supply and demand side in the economy, for solving the imbalance. Important part of the paper is the short review of some ongoing macroeconomic policy measures in the EU countries and in North Macedonia, as an active response to the pandemic effects.
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    Barriers to employee skills development: Comparative analysis of firms in North Macedonia
    (Institute of Economics - Skopje, 2021-12)
    Piperkova, Irina
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    Djambaska, Elizabeta
    The 21st century race for talents has positioned skills development and utilization as one of businesses’ primary concerns. Indeed, firms’ sustainability in today’s turbulent and competitive environment depends, among other, on the skillsets of their employees. Businesses face various obstacles in their quest for acquiring and developing adequate employee skills. The main aim of this paper is to present key obstacles to developing employee skills in firms in North Macedonia, based on organizational size and business activity. An insight into the barriers to employee skills development would help firms implement corrective measures to achieve appropriate employee skill development and utilization. Lack of applicants’ adequate skills in the recruitment process, lack of employees’ motivation to upgrade their skills and insufficient employee training are perceived as one of the most significant barriers to employee skills development.
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    Employment aspects related to quality of life in North Macedonia
    (Integrated Business Faculty-Skopje, 2022-06)
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    Piperkova, Irina
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    Djambaska, Elizabeta
    The purpose of this article is to identify the aspects of employment in the Republic of North Macedonia in terms of the quality of life. Therefore, certain features of the quantity and quality of employment for the last ten years have been taken into account, covering the working age population aged 15 to 64, vis-a-vis EU-27 (excluding the United Kingdom). The analysis refers on data indicators about the quality of life provided by Eurostat. Employment, hence the possibility for productive activity and earning income, is prerequisite for better life quality. Also, the improvements in terms of higher wages, permanent job and јоb arrangements that correspond to the relevant education and skills are paramount for person’s life quality. The Covid-19 pandemic drastically changed everyday life and caused changes in work, so the perceptions of the employees in Macedonia on this issue, obtained as a result of an online survey, are also presented in this paper. The findings of the survey confirm that the pandemic caused changes in work, as well as job losses, but also other qualitative changes in employment, such as work from home, which significantly affect the quality of life. This research doesn’t cover all aspects of employment and unemployment in terms of quality of life. There are other relevant issues on this theme which can be topics for further studies and analysis.