Faculty of Economics

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    Tobacco farming and the effects of tobaccosubsidies in North Macedonia
    (E.U. European Publishing, 2022-07-05)
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    Hristovska, Bojana
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    Spasova, Tamara
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    What Determines Informal Economy and Informal Employment - The Case of North Macedonia
    (University of Belgrade, Faculty of Economics and Business - Publishing Centre, 2022)
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    The importance of the informal economy is seen in the fact that more than 60% of world employment operates in some form of informal economy. Additionally, on average, about 35% of GDP in developing countries is generated in the informal sector, while the informal sector in these countries employs about 70% of the workforce. In the case of the Republic of North Macedonia, this proportion ranges from 36% to 24% for the period 2006 - 2021 which confirm the relevance of this research. The aim of the paper is first to estimate the level of informal economy in the country and furthermore to analyze the impact of the main determinants - labor market determinants on the informal production and informal employment in the Republic of North Macedonia. We employ regression analyses for the period 2006-2021 to determine the key factors behind informal economy and informal employment. The following variables are included in the analysis: Labor Freedom, Tax Burden, Business Freedom, Minimum Wage, and Self-Employed workers. The results of the empirical analysis show that the increase in Labor Freedom and Tax Burden has statistically significant impact on informal production growth, while increase in Business Freedom statistically significantly reduces the informal economy. The increase in the proportion of the minimum wage relative to the average wage causes a reduction in informal production. Regarding informal employment, the obtained results show that the growth of Labor Freedom and Business Freedom has statistically significant impact on informal employment. Also, regarding the self-employed, the growth of this category of employment has statistically significant positive impact on the growth of informal employment.
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    Analysis of the Determinants of Graduates Employability
    (Springer Nature Switzerland AG, 2022-11)
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    Having a university degree does not guarantee employment, hence finding and then keeping a job, especially for young people is a major issue in most economies. In the segment of Higher education institutions (HEI) everywhere around the globe pressure is growing to produce employable graduates. The objective of this paper is to determine the basic factors that affect the employability of students before graduation. Research is based upon the sample consisted of the students of Faculty of Economics – Skopje, who are in their final year of studies. The questionnaire distributed includes well designed and structured questions, so that it provided solid foundation for information to be obtained related to their demographic, economic characteristics, as well as their average grade, and their opinion about their future goals. Most of the information is based on the stu dent’s own perception, so student self-perceived employability is considered. The basic research findings indicate the fact that there is a significant positive relationship between employability after graduation and the realization of some form of employment during the study. The results confirms the basic hypothesis that those students who during their studies have achieved integration in the labor market, are significantly more likely to be employed immediately after graduation. The level of income in the student's family also has a statistically significant positive correlation on their likelihood of employment after graduation.