Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)

Ilaz Ameti; Xhelal Luma; Jerina Vukaj Nazaj

doi:doi:10.11648/j.jppa.20190304.11

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Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)

Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj

Published in Journal of Public Policy and Administration (Volume 3, Issue 4)

Received: 6 September 2019 Accepted: 30 October 2019 Published: 19 November 2019

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Abstract

The labor market in the Republic of Macedonia is characterized by a high and ongoing unemployment rate. Slow economic growth does not allow the creation of new vacancies nor the maintenance of a stable employment rate. Unemployment is considered the country's main economic problem. In 2016, the average rate of unemployment was 28%. Most of the unemployed belong to the population aged 25 to 49, which accounts for over 60% of the total number of unemployed. On the other hand, inflation is also considered a main concern for the economy of the country. Its consequences are less obvious than the consequences of unemployment, but they do bring about also significant losses to the country's economy, leading to the redistribution of wealth between different classes or strata of society, inefficient allocation of production resources as well as the devaluation of our currency. The purpose of this paper is to analyze the relationship and impact of inflation and the economic growth in the unemployment of the Republic of Macedonia

Published in	Journal of Public Policy and Administration (Volume 3, Issue 4)
DOI	10.11648/j.jppa.20190304.11
Page(s)	82-85
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Employment, Economic Growth, Decision Making, Informal, Programs

References

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[2]	Brunner, K., Alex Guikerman and A. H. Meltzer, (1980) “Stagflation, Persistent Unemployment and the Permanence of Economic Shocks”, Journal of Monetary Economics, Vol. 6. No 4, oct. pp. 467-92.
[3]	Barro, R., (1988) “The persistence of unemployment”, American Economic Review, Papers and Procedings.
[4]	Banka Popullore e Republikës së Maqedonisë (2014), Indikatorët kryesorë makroekonomik, BPRM, Dhjetor 2014.
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[6]	BPRM, Prill 2016. Barro. R. (1995). Inflation and Economic Growth, NBER Working Paper, 5326.
[7]	Elmeskov, J. et M. MacFarlan (1993) “Persistence du chômage”, Revue Economique de l”OCDE, No 21, hiver, pp. 64-94.
[8]	Elmeskov, J., et K. Pichelman (1993), “Intérpretation du chômage: le rôle de la participation á la vic active”, Revue Economique de l”OCDE, No 21, hiver, pp. 149-151.
[9]	Livre Blanc (1993) Commission Europeanne. Malinvaud, E., (1977) “Substitution du capital au travail, evoluition technologique et effets sur l”emploi”, Les determinats de l”emploi et du chômage, OCDE, Paris f. 21-24.
[10]	Malinvaud, E., (1977) “The Theory of Unemployment Reconsidered”, p. 128. Blackwell-Oxford. Unemployment Problem." NBER Macroeconomics Annual1: 15-89.
[11]	Calmfors, L. and J. Drifill (1988). "Bargaining Structure, Corporatism and Macroeconomic Performance." Economic Policy (April): 13-61.
[12]	Lindbeck, A. and D. Snower, J., (1988). The Insiders-Outsiders Theory of Unemployment Cambridge MA, MIT Press.
[13]	Theodoropoulou, S (2008), The Political Economy of Unemployment, Labour Market Institutions and Macroeconomic Policies in Open Economies: The Cases of Germany and the Netherlands in the 1980s and 1990s p 36-64.
[14]	Josheski. D and Lazarov. D. (2012). New Keynesian Macroeconomics: Empirically tested in the case of Republic of Macedonia, http://hdl.handle.net/10419/64403.
[15]	Samuelson. P. A. and Solow. R. M. (1960). Analytical aspects of anti-inflation policy. American Economic Review. 50 (2), pp. 177-194.
[16]	Kostadinov. A, Labour market policies in Macedonia, CEA, Skopje, April 2009, fq. 15-18.
[17]	http://www.stat.gov.mk/Publikacii/MakBrojki2019mk.pdf.
[18]	https://www.semanticscholar.org/paper/Trade-Liberalisation-as-a-Changeability-Factor-in-Ameti-Ameti/201c0c03e7f0c63cc0b30091af095908dfa0925b.
[19]	https://www.ijires.org/index.php/issues?view=publication&task=show&id=183.

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APA Style

Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj. (2019). Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia). Journal of Public Policy and Administration, 3(4), 82-85. https://doi.org/10.11648/j.jppa.20190304.11

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ACS Style

Ilaz Ameti; Xhelal Luma; Jerina Vukaj Nazaj. Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia). J. Public Policy Adm. 2019, 3(4), 82-85. doi: 10.11648/j.jppa.20190304.11

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AMA Style

Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj. Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia). J Public Policy Adm. 2019;3(4):82-85. doi: 10.11648/j.jppa.20190304.11

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@article{10.11648/j.jppa.20190304.11,
  author = {Ilaz Ameti and Xhelal Luma and Jerina Vukaj Nazaj},
  title = {Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)},
  journal = {Journal of Public Policy and Administration},
  volume = {3},
  number = {4},
  pages = {82-85},
  doi = {10.11648/j.jppa.20190304.11},
  url = {https://doi.org/10.11648/j.jppa.20190304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jppa.20190304.11},
  abstract = {The labor market in the Republic of Macedonia is characterized by a high and ongoing unemployment rate. Slow economic growth does not allow the creation of new vacancies nor the maintenance of a stable employment rate. Unemployment is considered the country's main economic problem. In 2016, the average rate of unemployment was 28%. Most of the unemployed belong to the population aged 25 to 49, which accounts for over 60% of the total number of unemployed. On the other hand, inflation is also considered a main concern for the economy of the country. Its consequences are less obvious than the consequences of unemployment, but they do bring about also significant losses to the country's economy, leading to the redistribution of wealth between different classes or strata of society, inefficient allocation of production resources as well as the devaluation of our currency. The purpose of this paper is to analyze the relationship and impact of inflation and the economic growth in the unemployment of the Republic of Macedonia},
 year = {2019}
}

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TY  - JOUR
T1  - Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)
AU  - Ilaz Ameti
AU  - Xhelal Luma
AU  - Jerina Vukaj Nazaj
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JF  - Journal of Public Policy and Administration
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PB  - Science Publishing Group
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AB  - The labor market in the Republic of Macedonia is characterized by a high and ongoing unemployment rate. Slow economic growth does not allow the creation of new vacancies nor the maintenance of a stable employment rate. Unemployment is considered the country's main economic problem. In 2016, the average rate of unemployment was 28%. Most of the unemployed belong to the population aged 25 to 49, which accounts for over 60% of the total number of unemployed. On the other hand, inflation is also considered a main concern for the economy of the country. Its consequences are less obvious than the consequences of unemployment, but they do bring about also significant losses to the country's economy, leading to the redistribution of wealth between different classes or strata of society, inefficient allocation of production resources as well as the devaluation of our currency. The purpose of this paper is to analyze the relationship and impact of inflation and the economic growth in the unemployment of the Republic of Macedonia
VL  - 3
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ER  -

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Author Information

Ilaz Ameti

Faculty for Bussines Administration, State University of Tetovo, Skopje, Republic of North Macedonia
Xhelal Luma

Food Biotechnology, St. Clement Ohrid University-Bitola, Republic of North Macedonia, Rezidence Republic of Kosova
Jerina Vukaj Nazaj

Faculty for Economy & Agrobussines, Agricultural University, UBT, Tirana, Republic of Albania

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APA Style

Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj. (2019). Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia). Journal of Public Policy and Administration, 3(4), 82-85. https://doi.org/10.11648/j.jppa.20190304.11

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ACS Style

Ilaz Ameti; Xhelal Luma; Jerina Vukaj Nazaj. Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia). J. Public Policy Adm. 2019, 3(4), 82-85. doi: 10.11648/j.jppa.20190304.11

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AMA Style

Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj. Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia). J Public Policy Adm. 2019;3(4):82-85. doi: 10.11648/j.jppa.20190304.11

Copy | Download

@article{10.11648/j.jppa.20190304.11,
  author = {Ilaz Ameti and Xhelal Luma and Jerina Vukaj Nazaj},
  title = {Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)},
  journal = {Journal of Public Policy and Administration},
  volume = {3},
  number = {4},
  pages = {82-85},
  doi = {10.11648/j.jppa.20190304.11},
  url = {https://doi.org/10.11648/j.jppa.20190304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jppa.20190304.11},
  abstract = {The labor market in the Republic of Macedonia is characterized by a high and ongoing unemployment rate. Slow economic growth does not allow the creation of new vacancies nor the maintenance of a stable employment rate. Unemployment is considered the country's main economic problem. In 2016, the average rate of unemployment was 28%. Most of the unemployed belong to the population aged 25 to 49, which accounts for over 60% of the total number of unemployed. On the other hand, inflation is also considered a main concern for the economy of the country. Its consequences are less obvious than the consequences of unemployment, but they do bring about also significant losses to the country's economy, leading to the redistribution of wealth between different classes or strata of society, inefficient allocation of production resources as well as the devaluation of our currency. The purpose of this paper is to analyze the relationship and impact of inflation and the economic growth in the unemployment of the Republic of Macedonia},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)
AU  - Ilaz Ameti
AU  - Xhelal Luma
AU  - Jerina Vukaj Nazaj
Y1  - 2019/11/19
PY  - 2019
N1  - https://doi.org/10.11648/j.jppa.20190304.11
DO  - 10.11648/j.jppa.20190304.11
T2  - Journal of Public Policy and Administration
JF  - Journal of Public Policy and Administration
JO  - Journal of Public Policy and Administration
SP  - 82
EP  - 85
PB  - Science Publishing Group
SN  - 2640-2696
UR  - https://doi.org/10.11648/j.jppa.20190304.11
AB  - The labor market in the Republic of Macedonia is characterized by a high and ongoing unemployment rate. Slow economic growth does not allow the creation of new vacancies nor the maintenance of a stable employment rate. Unemployment is considered the country's main economic problem. In 2016, the average rate of unemployment was 28%. Most of the unemployed belong to the population aged 25 to 49, which accounts for over 60% of the total number of unemployed. On the other hand, inflation is also considered a main concern for the economy of the country. Its consequences are less obvious than the consequences of unemployment, but they do bring about also significant losses to the country's economy, leading to the redistribution of wealth between different classes or strata of society, inefficient allocation of production resources as well as the devaluation of our currency. The purpose of this paper is to analyze the relationship and impact of inflation and the economic growth in the unemployment of the Republic of Macedonia
VL  - 3
IS  - 4
ER  -

Copy | Download