Institute of Economics
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Item type:Publication, Productivity as a source of economic growth - current situation and prospect in the Republic of North Macedonia(Institute of Economics – Skopje, 2022-10) - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Impact of Covid pandemic on the natural population increase in North Macedonia(Institute of Social Sciences-Belgrade, 2021-03-25); Objectives - The Covid-19 pandemic has brought significant consequences and implications, changing many social, economic, healthcare and environmental determinants, as well as demographic processes. Particularly emphasized is its impact on the changes in the total population increase. It is mainly determined by the natural population increase, and relatively less by migratory movements, due to limited international migrations in the new conditions worldwide. The aim of the research is to provide knowledge on the implications that the Covid-19 pandemic has had to date on the natural population increase in North Macedonia, by analyzing the relevant data and indicators published thus far. It offers knowledge about the essential features of the manifested changes, their key determinants and long-term impact in terms of intensified demographic ageing. Methodology - The methodological approach of the study involves application of desk research and analysis of the State Statistical Office data related to natural population increase, as well as marriages and divorces. Data and indicators for the natural increase and its components (live births and deaths) for the last 15 years are presented. A more detailed, per-month analysis of the changes in the natural increase, marriages and divorces is conducted for 2019 and 2020, using the available statistical data, which for 2020 implies using preliminary data. Implications – The analysis of the preliminary data on the natural population increase, as well as of marriages and divorces, indicates the significant changes in 2020, which were mostly caused by the Covid-19 pandemic. Having in mind their long-term implications, further decrease in the natural population increase and total population growth can be expected, as well as acceleration of the process of demographic ageing. Once the pandemic is over, North Macedonia should focus on the revision of the current population policy and create comprehensive measures to mitigate the consequences of these unfavorable changes. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Identifying employee skills in SMEs in the Republic of North Macedonia(EMAN 2020, 2020-09-03); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Impact of Digitalization on the Labour Market: The Case of North Macedonia(Institute of Economic Sciences, Belgrade, 2021-06); The impact of digitalization on the labour market is very complex and is manifested in different conditions for job creation and job protection, changed needs for occupations and skills, coping with skills mismatch and labour shortage etc. The aim of the research is to determine the possible implications of digitalization on the labour market in North Macedonia, by analyzing relevant labour market indicators and the results of employees’ survey based on identified hypotheses. The analysis of the labour market indicators shows that despite the positive changes, the situation on the Macedonian labour market remains unfavorable i.e. low employment rates, growing skills mismatch and labour shortages in conditions of still high unemployment. The survey results indicate that the digitalization may not cause serious job losses, but it can lead to significant shifts in the employment structure (regarding sectors, occupations, skills, nature of jobs, pressure on the lower skill levels etc.). The influence of digitalization on the labour demand will depend on the employment sector and job profile, as well as on the investments in technology and relevant experience to use it. Also, digitalization could reduce the labour shortages caused by demographic ageing. The survey results show that digitalization will impose changes in the education and professional expertise, management style and organizational culture, as well as in trade union organizations. The findings of this research are meaningful for policy makers, state institutions, employers, trade unions and other stakeholders. The digitalization implies need for coherent approach of all involved parties in North Macedonia. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Productivity as a source of economic growth - current situation and prospect in the Republic of North Macedonia(Institute of Economics - Skopje, 2022-10); Verica JaneskaProductivity is an indicator of the use (exploitation) of the potential of inputs for creating new value added in the economy. In the long term, productivity growth is dependent upon innovation, investment in physical capital, and investment in human capital. These immediate factors are shaped by the environment in which enterprises operate: market structures, infrastructure, the institutional framework and the quality of governance. The main objective of this paper is to study productivity growth in the Republic of North Macedonia and to analyses and propose measures that can be taken to stimulate productivity. The analysis include: labor productivity, total factor productivity (TFP) and the level of enterprise productivity. Labour productivity in North Macedonia is low, and in the past five years even negative. The calculations of the total factor productivity using the Solow’s growth model and Cobb-Douglas production function for the past twenty years, shows that GDP average growth is 4,97% and the TFP contribute by 1,69%.The level of enterprise productivity is also low.Therefore, the expectations for the increase of the GDP and reaching economic growth that can be sustainable is possible with increasing total factor productivity in the North Macedonia. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Emigration and remittances during Covid-19: evidence from North Macedonia and Serbia(Institute of Economics - Skopje, 2022-12);