Faculty of Economics
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Item type:Publication, Stakeholder perceptions of migration policies and investment in human capital development: expert interview evidence from policymakers, labor market organizations and social partners in North Macedonia, Türkiye, Ukraine, and Ethiopia(2026-01-16); ; ; ; Introduction: Policies that combine human capital development and migration governance are necessary because migration alters the labor supply and skill distribution across economies. Through a cross-country approach, four migrant-origin countries, North Macedonia, Türkiye, Ukraine, and Ethiopia, that reflect various combinations of demographic pressures, institutional capacity, and conflict shocks are examined in this study. Methods: Using standardized qualitative expert interviews with policymakers, labor market intermediaries, and social partners, analyzed through a reflexive thematic analysis, the study explores the respondents’ perceptions and the channels through which education and migration policies, as perceived, interact to influence labor market outcomes. Results: Respondents reported that migration dynamics exacerbate structural unemployment, gender disparities, brain drain, and ongoing skill mismatches in all four countries. Interviewees highlight structural gaps in technical training and job-readiness in Ethiopia, while in Ukraine, a prime example of the disruptive effects of war, population displacement strains both education and the labor market. In North Macedonia and Türkiye, skill mismatches are pronounced by the notable emigration as well as the inefficiency of retention mechanisms. Among all studied countries, participants identified demand-based training and reliable institutional frameworks as crucial levers for reducing shortages and slowing the human capital depletion. Discussion: The comparative study emphasizes the need for policies that efficiently connect labor market demands, migration management, and education to achieve a balance between social demands and long-term socioeconomic growth. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Labour Market in Terms of the Fourth Industrial Revolution(Faculty of Economics - Prilep, 2019-10); ; ; Recently, many studies and analysis confirmed that the world is at the beginning of a powerful process of transformation that will radically change our lives, ways of working and communicating.The Fourth Industrial Revolution is expected to improve the computerization of manufacturing industry and focuses on equipping the production with high technology. Three main goals of Industry 4.0 could be highlighted as: (1) Reduction of the human factor in manufacturing thus eliminating human errors. (2) Achieving high level of manufacturing flexibility and creating conditions for designing products that meet the specific requirements of the consumer. (3) Intensification of the production process.This paper aims to present the main trends in this field, to explain the benefits of technology and digitalization for the global economy as well as to elaborate the importance of preparing different segments of society for effects from the Fourth Industrial Revolution onto the global labor market. This study obtains a panel data of six countries (France, Germany, Italy, Spain, UK and USA) for period between 1985 to 2017. The results have shown thatinformation and communications technology and multifactor productivity are variables whohave significant and positive impact on labor productivity while the variable average hours worked per person employed has a negative impact. Additional analysis of the demographic and socio-economic trends shows that the labor market will experience radical changes in the future. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Link between Productivity and Labour Compensation in Selected Central and Southeast European Countries(Faculty of Economics in Banja Luka, 2019-10); ; ; The link between labor productivity and labor compensation has been of great interest in economic research. The traditional economic theory argues that there is a positive link between productivity and workers’ compensation. According to this theory, increasing labor productivity will cause an increase in the wage level and will boost the average household purchasing and consumption power. However, many research studies addressing this issue indicate a weakening of the link between labor productivity and compensation received by employees, with a rising divergence since the 1980s, when labor productivity started growing faster than real wage. The purpose of this research is to analyze the extent of the decoupling phenomenon in selected CEE countries compared to Western European countries. In this respect, the paper attempts to explore the causal relationship between productivity and real labor compensation and offer empirical evidence for the existence of the so-called Great decoupling between the two variables.