Faculty of Economics
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Item type:Publication, Engines and Constraints of Growth in the Western Balkans: Insights for EU Convergence(Faculty of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, 2025-12); Gacova, KatarinaThis paper investigates the determinants of GDP growth in nine Western Balkan countries over the period 2000 – 2023 using an unbalanced panel dataset. The analysis incorporates gross fixed capital formation, exports and imports of goods and services, final and household consumption, labor force growth, and inflation as explanatory variables. To address cross-sectional dependence and unobserved heterogeneity, the study employs a three-model econometric framework, including two-way fixed effects, correlated random effects, and random effects specifications. The results demonstrate that investment, exports, and final consumption are the most robust and statistically significant drivers of GDP growth, while imports consistently exert a negative effect. Labor force growth is positively associated with output but only becomes significant under more robust specifications, whereas inflation shows no systematic impact. The findings highlight the dual role of external competitiveness and domestic demand in sustaining growth, while underscoring structural vulnerabilities linked to import dependence and weak labor market absorption. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Women, Work, and Birth Rates in Southeastern Europe: A Regional Panel Perspective(Faculty of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, 2025-12)The study explores the interdependence between female labor force participation and fertility dynamics in eight Southeastern European countries during 2000 – 2023, using the crude birth rate as a consistent macro level proxy for fertility in panel regression estimation. The analysis covers eight countries and incorporates economic, educational, and demographic control variables. Results reveal that short-term increases in female employment and tertiary education enrollment are significantly associated with declining birth rates, while economic growth shows a positive effect. Other factors, including part-time employment, urbanization, and parental leave policies, are not statistically significant in the short run. The study underscores the complexity of natality dynamics in transitioning economies and highlights the need for supportive family policies.