Tashevska, Biljana
Preferred name
Tashevska, Biljana
Official Name
Tashevska, Biljana
Translated Name
Ташевска, Билјана
Main Affiliation
Email
biljana@eccf.ukim.edu.mk
58 results
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Item type:Publication, Testing Fiscal Sustainability in the Republic of Macedonia - A VAR Approach(Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia; Faculty of Management University of Warsaw, Warsaw, Poland; University North, Koprivnica, Croatia, 2017); The recent global financial and economic crisis caused great concerns in many developed countries (especially in the European Union) due to rising debt levels and deterioration of their fiscal space. The adverse effects of high indebtedness highlighted the importance of maintaining sustainable public finances. This problem was not limited to rich and highly developed economies. The Republic of Macedonia also experienced such developments in the fiscal area and the public debt ratio doubled in the last decade. The aim of this paper is to investigate the fiscal sustainability of Macedonia using quarterly data for the period 2005 – 2016. We use a VAR model to determine whether the primary balance responds positively to increases in government indebtedness, thus ensuring fiscal sustainability, or is set exogenously and independently from changes in government liabilities. The empirical analysis shows that the primary balance lacks the necessary and sufficient positive response to an increase in the government debt level that helps prevent a further debt accumulation. These results, together with the drastically increased public debt since 2008, imply a need for a faster adjustment of the primary balance after a government debt shock in order to prevent reaching even higher debt levels and losing a valuable fiscal space - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Innovations and Entrepreneurship in the Macedonian Business Sector(Inderscience Publishers, 2017); ; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Socio-economic Determinants of Social Spending in the EU(Center for Economic Analyses, 2019-06); ; The rise in social spending during the last century brought about a significant increase in the total government expenditures and according to many studies, also contributed to the rising public debt. The intent of social spending is reducing and alleviating inequality and poverty and enhancing social cohesion. Empirical evidence shows that countries that make greater efforts in social spending manage to reduce income inequality. However, it should not be on the account of endangering sustainability In this paper we examine whether certain socioeconomic variables influence the level of social expenditure in the EU countries in the last two decades. More specifically, we try to tackle the following questions: Do governments reduce social spending when debt rises, in order to avoid fiscal unsustainability? Do countries spend more on welfare in times of an economic downturn, i.e. is social expenditure counter-cyclical? Do countries with larger income inequality also have higher social expenditures aimed at reducing the larger gap? - Some of the metrics are blocked by yourconsent settings
Item type:Publication, What do we know about the effects of expansionary fiscal policy - lessons from the great crises(Ss Cyril and Methodius University in Skopje, Faculty of Economics - Skopje, 2015); ; Antovska, MaricaThis paper first describes the design and functioning of fiscal policy during the Great Depression – mainly on the example of the USA. Then it summarizes the debates and different assessments of the efficiency, i.e. inefficiency of the fiscal stimuli during the Great Depression. These estimates, for reasons of objectivity, are placed within the historical context of developments in the 1930s: dominance of the liberal economic philosophy; the “boom” of economic activity in developed countries in the period 1922 – 1929; insufficiently developed macroeconomic science and the increasing influence of Keynes’s economic concepts before and during the crisis. Later, the effects of expansionary fiscal policy used for addressing the challenges of the Great Recession are analyzed. In this context, the paper provides the dilemmas and controversies regarding the estimation of the value of fiscal multipliers and the limits of discretionary fiscal policy – especially those related to the accumulation of structural budget deficits and the growth of public debt. In spite of the present controversies and dilemmas about the real possibilities and limits of expansionary fiscal policy, the authors especially/particularly highlight the viewpoint that fiscal stimuli, in time of severe and prolonged recessions, in the presence of a dysfunctional banking system and interest rates near the zero low bound rate, function well. In the end, the paper summarizes the lessons from the experience about the effects of expansionary fiscal policy during severe and prolonged recessions, as lessons for the Republic of Macedonia. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Fiscal sustainability of Macedonia on its path towards the EU(Macedonian Academy of Sciences and Arts; Government of the Republic of Macedonia, 2016); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, МАКРОЕКОНОМСКИТЕ ЕФЕКТИ НА ФИСКАЛНАТА ПОЛИТИКА ВО РЕПУБЛИКА МАКЕДОНИЈА(Македонска Академија на Науките и Уметностите, 2017); ; ; ; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, КАКО МОЖЕ ПРЕТПРИЕМНИШТВОТО ДА ПРИДОНЕСЕ ЗА ЗГОЛЕМУВАЊЕ НА ВРАБОТЕНОСТА НА МЛАДАТА ПОПУЛАЦИЈА ВО РЕПУБЛИКА МАКЕДОНИЈА(Национален центар за развој на иновации и претприемачко учење, 2014); ; Невработеноста влегува во редот на најтешките макроекономски, социјални и политички проблеми со кои се соочуваат современите земји. Глобалната криза од 2007/2009 година посебно ги погоди младите (делот од работната сила под 25 години), со што уште повеќе се зголеми јазот помеѓу општата стапка на невработеност и стапката на невработеност на младата популација. Светските искуства покажуваат дека развојот на малите и средните претпријатија (МСП) и на претприемништвото даваат посебен придонес во креирањето на нови работни места и во зголемување на шансите за вработување на младите. Врз основа на таквите искуства и низ критички осврт на процесот на развој на малите бизниси и на претприемништвото во Македонија, селектираме неколку приоритети на економската политика кои можат да придонесат за развој на претприемништвото (посебно на виталните претприемнички процеси - иновативност, индустриски субконтрактинг, бизнис - инкубација, развој на ризичниот капитал и сл.) и за ублажување на високата невработеност на младата работна сила: (1) подобрување на инвестиционата клима, т.е. креирање на поволен претприемнички амбиент, посебно во сегментите врзани за заштитата на сопственичките права, борбата против корупцијата, подобрување на регулацијата на бизнисите, спречување на инволвирањето на политиката во бизнисот и сл; (2) креирање на капацитет за трансформација на локалните влади, т.е. оспособување на јавната администрација за покренување и имплементација на претприемничкиот процес во единиците на локалната самоуправа; (3) подобрување на квалитетот на претприемничкото образование и ширење на претприемничката култура низ комбинација на знаењата кои се стекнуваат во “училниците“ со вештините во практиката; (4) олеснување на пристапот на МСП до средства за финансирање на нивниот раст преку докапитализација на Македонската банка за поддршка на развојот и промоција на алтернативни форми за финансирање на бизнисите - посебно на ризичниот капитал; (5) понатамошен развој на активните пристапи преку критичко преиспитување на нивните практични ефекти. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Labour productivity and wages in the Republic of Macedonia(University of Craiova, Faculty of Economics and Business Administration, 2009); The relationship between wage and labor productivity is very frequent and receives a special treatment in economic theory and practice. The purpose of this paper is to explore the relationship and interdependence between net-wage and labor productivity in the Republic of Macedonia during the period 1995-2007. The objects of analysis are the relations between the two variables on aggregate level of the Macedonian economy, as well as for certain economic sectors separately (industry, mining and water management; agriculture, fishing and forestry; construction; transport and communications; trade and financial services). Based on the results from the performed analysis, the paper reveals how and to what extent changes in real net-wage influence the changes in labor productivity in Macedonia, on aggregate level and in the observed sectors. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Global Economic Crisis-What Should NOT be Forgotten(Center for Economic Analyses, 2015); ; The global economic crisis opened a new chapter in economic policy and awakened economic science. Its severity, the various negative financial and economic shocks and the impotence of the economic policy response revealed new questions about the background and the causes of the economic crisis – what led to the emergence of the global economic crisis, are the causes new or already known, are there similarities with previous crises? The great number of analyses regarding these questions reveals different aspects that complete the whole picture of the causes, factors and lessons about the crisis that need to be remembered. This paper tries to offer an analysis of the causes and factors that contributed to the global economic distress by analyzing the global economic events that accumulated in the pre-crisis period. The main purpose is to synthesize and define the key direct and indirect economic events and developments that need to be considered by economic science and policy and that must not be forgotten in further analyses of the global economic development in the future. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The role, significance and trend of construction sector in Macedonia(CEA, Skopje, 2012); ; ; The theory has concluded, and the practice has confirmed numerous times, that the dynamic trends in construction influence the general economic activity of a country with a multiplier effect. More specifically, growth in the construction sector activity stimulates a revival of the total economic activity. Hence, the growth in this sectorstimulates a faster economic growth of a country. The governments of many countries, including Macedonia,through macroeconomics policies, encourage and stimulate construction activities with an ultimate goal to sooth recession trends in the economy. In order to reduce unemployment and strengthen aggregate demand, especially in crisis times, governments often engage in financing and building public objects. First in this paper we give a short review of why and how the developments in construction are usually analyzed, with an emphasis on the methodology implemented by the State Statistical Office of the Republic of Macedonia; further we make an analysis of the role and significance of the construction sector in Macedonia and finally we review the EU experiences. Having this in mind and considering the fact that thus far a more serious and detailed analysis of the construction sector in Macedonia has not been done, with this paper we aim at giving a humble contribution, which would clear the way for further analyses and researches of this relevant sector of the economy.