Institute of Economics
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Item type:Publication, Unemployment and a Stock – Flow Model on the Labour Market in the Republic of Macedonia(Economic Research Institute at the Bulgarian Academy of Sciences, 2017); ; ; The aim of this paper is to analyse the unemployment on the basis of administrative data sources and application of the stock-flow model. The intention is to recognize the changes and features of the unemployment regarding stocks and flows of the main segments on the labour market: employed, unemployed and inactive population in the Republic of Macedonia. Main reasons for the implementation of stock – flow model for determining the level of unemployment in Macedonia are following: a) Labour Force Survey (LFS) used by State Statistical Office (SSO) is based on the Census from 2002, therefore the sample used for calculating the level of unemployment is inadequate; and b) contrary to any economic logic, during the great global economic crisis and in the period after the crisis, the unemployment in Macedonia permanently decreased in conditions when the economy registered negative rates of economic growth and decline in industrial production over a longer period of time. The application of the stock – flow model, for the period 2008-2014 shows that the unemployment has not been reduced, i.e. the unemployment rate have stagnated or even increased. This is contrary to the trend of unemployment changes according to LFS of SSO. Thus, in 2014 the unemployment rate is higher than in the previous years by both alternatives in the calculations. According to our findings, the application of stock-flow model gives more realistic explanation of the changes and current situation on the Macedonian labour market, than the statistical data from the LFS of SSO in Macedonia. Our analysis shows that in a country with high and long-term unemployment, where the phenomenon of discouraged workers is expressed, and there has not been made a Census of the population for a longer period of time, accompanied by major demographic changes such as: an aging population and massive emigration from the country, the implementation of stock – flow model has significant analytical value in determining the unemployment and its analysis. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, THE IMPACT OF THE POLITICAL CRISIS ON SMALL AND LARGE FIRMS IN THE REPUBLIC OF MACEDONIA(2018-03); ; The recent political instability in the Republic of Macedonia has taken its toll on the business sector. During political instability, firms tend to postpone any major decision regarding future projects or investments as a result of changes in firms’ business perceptions and lack of predictability of future policies and trends. In this regard, a research was conducted among small, medium and large firms in the Republic of Macedonia in order to investigate the main consequences of the political crisis in the past few years on the business sector. The research findings reveal that the most severe implications of the political instability on businesses pertain to lack of long-term planning, decline in sales, increased difficulties related to collection of claims and implementation of ongoing contracts, and reluctance to conduct planned investments and recruitments. Results have also highlighted major differences between small and large firms in regard to perceived consequences of the political instability. Research on the effects of political instability on businesses is rather scarce in literature. Hence, the findings of this research are of particular importance for improving the knowledge about the potential implications of political instability on businesses and for identifying the main challenges that businesses face. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, STRATEGIC APPROACH IN IMPLEMENTATION OF E-BUSINESS ACTIVITIES IN SMEs(2019-10) - Some of the metrics are blocked by yourconsent settings
Item type:Publication, PCA analysis of the socio-economic indicators – the case of Republic of Macedonia(2019); ; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Growth accounting in the Republic of North Macedonia(Institute of Economics - Skopje, 2019-12) - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Реформе јавне управе у Републици Македонији и изгледи за процес интеграције у Европску унију(Правни факултет Универзитета у Приштини са привременим седиштем у Косовској Митровици, 2017-05); ; Македонија је једна од земаља у транзицији која од своје независности до сада чини много напора ка апроксимацији у европску заједницу. Процес европске интеграције претпоставља приоритет сваке политичке елите, а уједно је и кључни спољнополитички приоритет Македоније. До сада је у Републици Македонији реализовано низ нормативно-правних, институционалних, организационих и других реформи како би земља испунила услове за интеграције у ЕУ. С обзиром на чињеницу да јавна администрација има кључну улогу у друштву у погледу економског, политичког и друштвеног живота, верујемо да она има и круцијалну улогу у процесу европских интеграција. У складу са изнетим, предмет овог истраживања чини утврђивање фактора и узрока који утичу на развој и модернизацију управљања, и проналазак мера и инструмената неопходних да би се модернизовао јавни сектор, заснован на принципима добре управе, квалитета и професионалне администрације - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Social transfer expenditures in Republic of Macedonia, South East European countries and EU countries(Economic Development, Journal of the Institute of Economics – Skopje, 2016-06); ; Petkovska Mirchevska, TatjanaSocial transfers and expenditures as a form of social protection are essential for each economy and society to function properly. Social transfers as a form of social protection can vary in dependence of the economic system and development of the country, but initially their purpose is relatively the same. Tackling poverty and enabling efficient social redistribution of the income among the households are one of the main results of the existence of an efficient social protection system. The economies of today are confronted with a serious challenge of tackling the rising poverty and income inequality in the world and one of the means of achieving that is through the social transfer system. In this article a comparison analysis is made between the social transfer expenditures of Republic of Macedonia, South East European countries and EU countries in order to determine the trends and amount of social transfer expenditures in the countries. From the research in this paper it can be seen that Republic of Macedonia has considerably smaller social transfers per capita compared to other countries taken into consideration for the research. More so Republic of Macedonia is the only country form the countries that are part of the comparison analysis that accomplishes negative growth of the social transfer expenditures as a percentage of GDP in the period of year 2001 till year 2014. Knowing the fact that the more equal distribution of assets in a current country can lead to increased consumption, sustainable growth and increases social welfare, Republic of Macedonia can do better if the expenditures for social transfers as a percentage of the GDP are to increase, even on expense on some other public or budget expenditures. - 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, Market capitalization and factors of its determination – the case of Republic of Macedonia(Annals of the University of Petroşani, Economics, AUPE Romania, 2016); ; Georgieva Svrtinov, VesnaThe development of the capital market considered thru the market capitalization coefficient (in total amount and in percentage changes) in relation with the GDP of the Republic of Macedonia is the subject of research of this paper. The analysis identifies and explains the factor of capital market development. The focus of the paper is to determine the effects of different factors on the capital market development in the Republic of Macedonia. For these purpose a multivariate linear regression is conducted using the data from 1997-2013. The analysis indicates that the capital market in the Republic of Macedonia is small and underdeveloped. Therefore the economic growth factors taken into consideration for the research have not shown considerable impact on the capital market due to its underdevelopment - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Digital skills readiness of selected western Balkan Countries(Economic Development, Journal of the Institute of Economics – Skopje, 2018-12); ; The latest technological developments have subsequently impacted businesses imposing changes to the methods of production and the patterns of employment. Businesses are becoming heavily depended on new technologies and strive to invest in latest technology so as to leverage it in increasing productivity and innovation. To capitalize on the opportunities that have been created with the high-tech solutions, businesses require digitally skilled workers who can use advanced technology in daily business operations. Since advance technology has dispersed across many industries and occupations, the demand for digital skills has dramatically increased in most sectors of the economy. Many emerging jobs involve work activities that require a complementary skillset of advanced digital skills, problem-solving and technical skills, and entrepreneurial or business skills. Developing the required skills for the digital age in the region leaves much to be desired. The curricula in education institutions should be revised, modern teaching methods should be introduced and critical thinking, creativity and problem solving should be encouraged among students. Using a set of digital tools in formal education as an integral part of the learning process will foster digital skills excellence among future workers.