Institute of Economics
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Item type:Publication, COVID-19 CORONAVIRUS AS A TRIGGER: TRANSITION TO DIGITAL ECONOMY IN NORTH MACEDONIA(2020-10); The number of organizations attempting to adopt digital technologies and transform themselves has grown rapidly over the past few years. Digital transformation of organizations is becoming one of the critical sources of competitive advantage and competitiveness, but the Covid-19 crisis has highlighted the importance of going digital even for the existence of businesses, organizations and jobs. The objective of this paper is to highlight the necessity of digitization in all segments of the economy of North Macedonia. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, STRATEGIC APPROACH IN IMPLEMENTATION OF E-BUSINESS ACTIVITIES IN SMEs(2019-10) - Some of the metrics are blocked by yourconsent settings
Item type:Publication, THE IMPACT OF THE POLITICAL CRISIS ON SMALL AND LARGE FIRMS IN THE REPUBLIC OF MACEDONIA(2018-03); ; The recent political instability in the Republic of Macedonia has taken its toll on the business sector. During political instability, firms tend to postpone any major decision regarding future projects or investments as a result of changes in firms’ business perceptions and lack of predictability of future policies and trends. In this regard, a research was conducted among small, medium and large firms in the Republic of Macedonia in order to investigate the main consequences of the political crisis in the past few years on the business sector. The research findings reveal that the most severe implications of the political instability on businesses pertain to lack of long-term planning, decline in sales, increased difficulties related to collection of claims and implementation of ongoing contracts, and reluctance to conduct planned investments and recruitments. Results have also highlighted major differences between small and large firms in regard to perceived consequences of the political instability. Research on the effects of political instability on businesses is rather scarce in literature. Hence, the findings of this research are of particular importance for improving the knowledge about the potential implications of political instability on businesses and for identifying the main challenges that businesses face. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND CORPORATE FINANCIAL PERFORMANCE – EVIDENCE FROM EMPIRICAL STUDIES(2017-07); ; ; This research suggests that companies that aim for good corporate governance also have better financial performance. Previous research in this area has not lead to a broader consensus of this assertion, in terms of the intensity of this relationship and also according to its direction. This research is based on analysis of 50 empirical studies conducted in 13,769 companies worldwide, in which the existence and nature of the relationships between the various characteristics of corporate governance are analyzed, on the one hand, and various variables of corporate financial performances, on the other hand. The results of the research confirm that there is a positive relationship between corporate governance and corporate financial performances. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, DIGITAL ECONOMY AS A FACTOR FOR REALIZING SUSTAINABLE DEVELOPMENT-COMPARISON OF PRACTICES OF SIX SOUTHEAST EUROPEN COUNTRIES(2017-07); ; ; ; Petkovska Mirchevska, TatjanaProgress made in storage, processing and transmission of digital data allowed merger of the departments of computerization, telecommunications and audio-video transmission, transforming into a significant sector of the digital economy. Advances in digital economy has realized a significant increase, (OECD, 2013: 22) implementing as an inevitable aspect in many parts of the society as retail, transportation, education, health, social interactions, banking and other elements. The growth of the digital economy is also driven, supported and facilitated throughout wide access to computers and the World Wide Web (Internet). In the world today, information and communication technologies are an integral part of the personal lives of people, businesses and governments, leading to convergence of ICT and the economy and help promote sustainable growth. Therefore, the aim of this paper is to consider the development of digital economy as a mean for sustainable development of the economic growth in the six countries of Southeast Europe i.e. Republic of Macedonia, Slovenia, Serbia, Montenegro, Bosnia and Herzegovina and Croatia. According to this, a research has been conducted, in order to determine the prospects and possibilities for development of digital economy. The research was conducted using the comparison method, where the gathered NRI data (including four main categories and ten subcategories) for the six countries of the Southeast Europe where compared in order to determine the prospects for development of digital economy. The findings of this paper show that the six European countries taken into consideration trail behind the other world countries in the majority of indicators. However, they each excel in different fields for development of the digital economy sector, and with mutual collaboration they could enhance and further increase the development of digital economy and boost the prospects of sustainable development in their countries as well as the Southeast Europe region. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, DIGITAL ECONOMY IN SEE-6 COUNTRIES: Analysis(SEEA, 2017-02); Digitization, which has been taking place for several decades, has affected almost every sector of the economy. The digital transformation started with the first computer revolution in the 60s, enabling task automation and process standardization. This is followed by the second information and communication technology (ICT) revolution, which was all about companies using the Internet as a standard channel of communication and a way of doing business. However, during the last two decades, the radical changes that were brought about by ICT, known as the third ICT revolution, have enhanced the full potential of digital revolution introducing the phenomenon of Digital Economy. It means basically 'Digitization of Everything’ and it is based on the latest technological developments such as Cloud Computing, Mobile Computing, Big Data and Internet of Things. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, MUNICIPALITIES IN NORTH MACEDONIA IN THE ERA OF DIGITAL ECONOMY(Institute of Economics – Skopje, 2020); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, CIRCULAR ECONOMIES RESOURCE EFFICIENCY, CHALLENGES AND OPPORTUNITIES FOR "GREEN" ECONOMY IN NORTH MACEDONIA(Institute of Economics – Skopje, 2019); Krstic Tasheva, VioletaEconomic growth, increased consumption and irrational use of natural resources negatively affect the environment. Respecting resource constraints, the need to gradually change the existing unsustainable production and consumption model is emerging as one of the key challenges of sustainable development. The amount of waste is constantly increasing, and the characteristics of the waste are constantly changing in direction of its degradation, but also its negative impact on the environment, and thus the quality of life. The resource limitations, on the other hand, create an noncompetitive business environment, and this is a challenge to finding innovative technologies that will allow waste to be transformed into a resource. The aim of the research is waste as an opportunity for resource efficiency and “green” economy in North Macedonia. The survey shows that by increasing resource efficiency provides circular economic solutions that can generate economic growth and “green” jobs, and business entities increase their productivity and competitiveness. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, DIGITAL SKILLS READINESS OF SELECTED WESTERN BALKAN COUNTRIES(Institute of Economics – Skopje, 2018); ; The latest technological developments have subsequently impacted businesses imposing changes to the methods of production and the patterns of employment. Businesses are becoming heavily depended on new technologies and strive to invest in latest technology so as to leverage it in increasing productivity and innovation. To capitalize on the opportunities that have been created with the high-tech solutions, businesses require digitally skilled workers who can use advanced technology in daily business operations. Since advance technology has dispersed across many industries and occupations, the demand for digital skills has dramatically increased in most sectors of the economy. Many emerging jobs involve work activities that require a complementary skillset of advanced digital skills, problem-solving and technical skills, and entrepreneurial or business skills. Developing the required skills for the digital age in the region leaves much to be desired. The curricula in education institutions should be revised, modern teaching methods should be introduced and critical thinking, creativity and problem solving should be encouraged among students. Using a set of digital tools in formal education as an integral part of the learning process will foster digital skills excellence among future workers. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, ENTREPRENEURAL DIMENSION OF THE PUBLIC SECTOR IN THE REPUBLIC OF MACEDONIA(Institute of Economics – Skopje, 2018); ; Krstik Tasheva, VioletaThe public sector has a certain role in the economy of each country, depending on the organization of the country as a society. Its two fundamental functions, reallocation and redistribution reflect its economic and social dimension, which concerns everyone in the country. Change is what provides the possibility for something new and different, it will give new value both in the economic and social sense of the public sector.The public sector has to be open to the introduction of changes, to have cultural values in order to see changes as a possibility, and not as a threat. In the essence of entrepreneurship are creativity and innovations of entrepreneurial behavior. Entrepreneurship is a dynamic process of creating a value of a certain activity, it is based on the same principles in the private sector and in the public sector. The public sector faces problems that are different from the private sector, so other knowledge is needed, “innovation for the public interest” is needed.