Institute of Economics

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Start date: 2020Language: search.filters.language.English (United States)

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    Item type:Publication,
    Theoretical approach of macroeconomic policy measures for solving economic consequences of covid-19
    (Institute of Economics - Skopje, 2020-06)
    Djambaska, Elizabeta
    ;
    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
    ;
    ;
    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.