Slaveski, Trajko
Preferred name
Slaveski, Trajko
Official Name
Slaveski, Trajko
Main Affiliation
Email
slaveski@eccf.ukim.edu.mk
3 results
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Item type:Publication, Effects of Labour Market Measures and Policies on Improving Labour Market Performance in Central and South Eastern European (CSEE) Countries(Faculty of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, 2025-12); ; ; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Labour Productivity, Wages, and Inflation: Evidence from Selected Central and South-East European Countries(Eurasian Economists Association, 2024-01-18); The relationship between inflation, worker wages, and labour productivity growth has been a widely discussed topic among academics in recent decades. Labour productivity is a critical component for maintaining and improving the competitiveness of national economies and establishing sustainable economic growth. The increase in labour productivity serves as the foundation for increasing workers' wages, thereby enhancing their purchasing power and overall well-being. However, empirical data from Southeast European countries indicate that labour productivity growth rates have been insufficient to enable catch-up with their Western European counterparts. Additionally, these countries have experienced significant inflation rates in recent years, resulting in a notable decline in real wages for workers. Therefore, the gap between labour productivity and workers' wages has not only failed to diminish but has, in fact, widened over the past few decades. The primary objective of this paper is to examine the interrelationships among labour productivity, workers' wages, and inflation in Central and Southeast European countries, specifically the Balkan EU countries, Balkan non-EU countries, and the Visegrád group of countries. The findings reveal a short-term causality among inflation, labour productivity, and the statutory minimum wage in these three groups of countries. Furthermore, there is evidence of a bidirectional causal relationship running from the minimum wage and inflation to labour productivity, and vice versa, in the short term. Additionally, the introduction of a minimum wage shock significantly influences the future values of labour productivity and inflation. The adverse effects of an externally induced increase in the statutory minimum wage are particularly noticeable in Western Balkan non-EU countries. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Macroeconomic Determinants of Labour Productivity: An Empirical Analysis of The Republic of North Macedonia(2024-12); ; ; This study examines the determinants of labour productivity in the Republic of North Macedonia, with a particular emphasis on key macroeconomic variables such as gross investment, employment, workers' compensation, inflation, gross national income per capita, and human capital. Labour productivity is recognized as a pivotal indicator of labour market efficiency, and worker welfare, and a crucial driver of sustainable economic growth. Despite improvements in employment levels and reductions in unemployment, labour productivity in North Macedonia remains suboptimal, exhibiting stagnation and insufficient growth, especially when contrasted with increasing wages. Through the application of both correlation and regression analyses, this paper explores the strength and causal relationships between labour productivity and macroeconomic variables, highlighting their role in shaping national competitiveness and economic development. The findings align with both theoretical and empirical literature, reinforcing the significance of human capital, gross investment, and overall economic performance in driving productivity improvements. This study contributes to the discourse on structural challenges within North Macedonia's labour market and provides a basis for policy interventions aimed at fostering sustainable productivity growth and enhancing international competitiveness.