Now showing 1 - 10 of 1092
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    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)
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    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.
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    Decentralisation and fiscal performance in Central and Eastern Europe
    (Taylor & Francis Ltd, 2021)
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    This paper provides empirical evidence on the association between decentralisation and budget deficits of the general government for a panel of 11 former transition countries during 1991–2018, controlling for the effects of various demographic, institutional, and macroeconomic variables. We provide evidence that decentralising government activities in Central and Eastern Europe (CEE) has favourable effects on the fiscal position of general government. Also, we show that the greater reliance on intergovernmental grants as a source of finance of local governments does not have detrimental effects on the overall fiscal discipline. Therefore, we cannot support the so-called ‘common pool’ hypothesis, which predicts that intergovernmental transfers lead to higher public expenditure, thus exacerbating the fiscal imbalances of the general government. On the other hand, we show that the effects of revenue decentralisation depend critically on the specific measure of local government revenue.
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    Item type:Publication,
    Менаџмент на човечки ресурси
    (Faculty of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, 2009)
    Бојаџиоски, Димитар
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    “Modeling the informal economy in EU: Structural equations approach”
    (Faculty of Economics-Skopje, 2009)
    Целта на овој труд е моделирање и оцена на неформалната економија во земјите од Европската унија со користење на моделот на повеќекратни индикатори и повеќекратни детерминанти (MIMIC – Multiple Indicators and Multiple causes). Моделот ги вклучува индексите на потрошувачките цени, девизниот курс, државната потрошувачка, краткорочните каматни стапки, долгорочните каматни стапки, стапката на невработености, даночните приходи и наемнините како детерминанти на сивата економија. Бруто домашниот производ, монетарниот агрегат М1 и монетарниот агрегат М3 претставуваат индикатори на неформалната економија. Резултатите покажуваат дека главните детерминанти на сивата економија во ЕУ се државната потрошувачка, инфлацијата, девизниот курс и наемнината. Исто така резултатите покажаа дека постои директна зависност помеѓу неформалната економија и монетарниот агрегат М1. За креирање на моделот и оцената на параметрите се користи софтверот за структрни равенки ЛИСРЕЛ (Linear Structural Equations). При анализата на нестационарност на променливите се користи економетрискиот софтвер EViews.
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    Efficiency of bank branches: empirical evidence from a two-phase research approach
    (Taylor & Francis Group, 2017)
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    Savic, Gordana
    The aim of this paper is to assess the relative efficiency of the branches of Komercijalna Banka AD Skopje during a three-year period (from 2009 to 2011). The research sample consists of eight branches performing the same financial activities during the reporting period. The mathematical technique DEA window analysis was used in the first phase in order to allow monitoring of the trend of the relative efficiency of each branch under consideration. From the bank management point of view, unexpected results were obtained in this phase; to validate the results the AHP-DEA validation model was proposed and used in the second phase. The management verified the obtained results claiming they were especially valuable in the process of making justifiable decisions for the further successful performance of the bank.
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    EXPLORING THE ROLE OF INTERNAL AUDITORS IN ESG ASSURANCE AND IMPACT ASSESSMENT: THE CASE OF THE REPUBLIC OF NORTH MACEDONIA
    (Ekonomski fakultet Univerziteta u Kragujevcu, 2023-06-17)
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    Tocev, Todor
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    Policy on Balanced Regional Development in Macedonia-Goals, Challenges, Trends
    (University Library of Munich, Germany, 2016)
    Penev, Slagan
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    According to data from official state institutions analyzed in the study, the policy on balanced regional development is facing serious challenges and is yet to engage in serious efforts in the future. Evidence on the unfavourable situation is found in data whereby more than half of investments continue to be generated in the most developed region, population growth in most regions is negative, while the three least developed regions (Northeast, Polog and Southwest) are facing high unemployment and have not improved their respective contribution shares in GDP in the last years compared with other regions in the state. In order to make regional development truly balanced, funding practices must adhere to the existing methodology or new methodology should be proposed for distribution of budget funds, according to which funds in the amount of 1% of GDP (or 3.25% as enlisted by the Government in one of its documents) will be awarded according to the relevant shares calculated on the basis of development in individual planning regions. Within the shortest deadline possible, the Council on Balanced Regional Development or the Ministry of Local Self-Government should establish a transparent reporting system on all parameters related to regional development, thus increasing interest and awareness of citizens for this important policy for the state’s future. Even the Strategy on Regional Development 2009-2019 refers to information system that would allow adherent compliance with the principles of transparency and accountability in strategy implementation, and would ensure access to public information related to strategy implementation. Having in mind that policy on balanced regional development is in compliance with strategic goal of the Republic of Macedonia in terms of its aspiration to join the EU, authors of this analysis believe that consensus is needed among main political actors for further and more committed implementation of the Law on Balanced Regional Development. Having in mind that this law and strategy had been adopted almost one decade ago and there is no visible progress in terms of awareness in society and in terms of political will, it seems as if the law does not exist. In spite of greater will and commitment demonstrated by management structures at relevant institutions and bodies toward capacity building for regional development, the possibility for establishment of special ministry of regional development should be reconsidered.
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    “Hierarchical cluster analysis: potential of the tourism up growths in the poorly developed Macedonian municipalities”
    (Mathematical Institute SANU, Belgrade, 2009)
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    Vasic, Vladimir
    Hierarchical cluster analysis is important procedure for segmentation and classification of the municipalities. On the basis on the given analysis, a partition of the municipalities in several homogeneous clusters will be performed, by which the problem of creating strategies for the poorly developed municipalities is significantly simplified. The problem of poorly developed municipalities is the high unemployment of the economically active population, so that by the development of the labor intensive economies (tourism) this problem is mainly solved. Hierarchical cluster analysis will provide an insight on which municipalities belong to created homogeneous cluster, as well as the advantages of the municipalities for the development of the suggested economy.
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    МЕНАЏЕРИТЕ НА МАКЕДОНСКИТЕ КОМПАНИИ И МАКСИМИЗАЦИЈАТА НА ВРЕДНОСТА КАКО НИВНА ЦЕЛ
    (Eкономски факултет, УКИМ, Скопје, 2017-11)
    Максимизацијата на вредноста на компанијата, што води кон зголемување на богатството на нејзините сопственици, денес е глобално прифатена како конечна цел на работењето на компаниите. Тоа важи како за акционерските друштва, така и за приватните компании, иако нивната вредност не е директно мерлива преку пазарот на капитал. Врз вака поставената цел се поставени најзначајните принципи на финансискиот и портфолио менаџментот. Во овој труд се испитува степенот на прифатеност на оваа цел и воопшто, односот кон благосостојбата на акционерите од страна на менаџерите на македонските котирани компании. Анализирани се интернет страниците на речиси сите котирани компании на Македонската берза, вкупно 101, и заклучоците упатуваат на тоа дека горенаведената цел речиси и не се споменува, а дека компаниите сѐ уште најмногу се фокусирани на традиционалните мерила на успешноста. Менаџерите многу ретко покажуваат интерес за цените на акциите на компаниите што ги водат и сѐ уште немаат развиено чувство за нивната директна одговорност кон акционерите. Таквата состојба отвора неколку прашања: применливост на принципите на финансискиот менаџмент, потенцијалот за развој на пазарот на капитал, како и рационалноста на инвестирањето во акции во такви услови.