IMPLEMENTATION OF GREEN ECONOMY CONCEPT IN SMES: ЕMPIRICAL RESEARCH IN THE REPUBLIC OF NORTH MACEDONIA
Journal
Economic Development JOURNAL OF THE INSTITUTE OF ECONOMICS - SKOPJE
Date Issued
2023-12
Author(s)
Katerina Hadzi Naumova-Mihajlovska, Neda Petroska-Angelovska
DOI
10.55302/ED23253060hnm
Abstract
Although the pandemic further complicates the situation in the Macedonian
economy, it gives an advantage for development of the green economy concept that
is, by efficient use of resources and to find new technological and innovative
solutions that will contribute in generating income, creating new jobs and different
model of consumption than the previous one. Given this, the main purpose of the
paper is to analyze and identify the opportunities faced by SMEs in terms of
adopting green policies in its operations. The analysis showed that SMEs have an
obvious lack of information on how SMEs can apply the concept of green economy
in their operations and are facing with complex administrative procedure in
implementing environmental practices. This can be explained by the fact that many
small and medium-sized enterprises are subject to the same environmental
regulatory regime as large enterprises. Despite the modest external support, most of
the surveyed companies take measures for more efficient use of resources in order
to save and reduce costs. Therefore, it is necessary to create a regulatory framework
for green economy in North Macedonia by bringing clear and appropriate
documents with specific activities and measures, harmonized with EU standards
economy, it gives an advantage for development of the green economy concept that
is, by efficient use of resources and to find new technological and innovative
solutions that will contribute in generating income, creating new jobs and different
model of consumption than the previous one. Given this, the main purpose of the
paper is to analyze and identify the opportunities faced by SMEs in terms of
adopting green policies in its operations. The analysis showed that SMEs have an
obvious lack of information on how SMEs can apply the concept of green economy
in their operations and are facing with complex administrative procedure in
implementing environmental practices. This can be explained by the fact that many
small and medium-sized enterprises are subject to the same environmental
regulatory regime as large enterprises. Despite the modest external support, most of
the surveyed companies take measures for more efficient use of resources in order
to save and reduce costs. Therefore, it is necessary to create a regulatory framework
for green economy in North Macedonia by bringing clear and appropriate
documents with specific activities and measures, harmonized with EU standards
Subjects
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