Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)
Journal of Public Policy and Administration
Volume 3, Issue 4, December 2019, Pages: 82-85
Received: Sep. 6, 2019; Accepted: Oct. 30, 2019; Published: Nov. 19, 2019
Views 409      Downloads 111
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
Article Tools
Follow on us
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
Employment, Economic Growth, Decision Making, Informal, Programs
To cite this article
Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj, Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia), Journal of Public Policy and Administration. Vol. 3, No. 4, 2019, pp. 82-85. doi: 10.11648/j.jppa.20190304.11
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abraham-Frois, G., (1978) ed., Problematiques de la croissance, Vol. II, Economica, Paris.
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.
Barro, R., (1988) “The persistence of unemployment”, American Economic Review, Papers and Procedings.
Banka Popullore e Republikës së Maqedonisë (2014), Indikatorët kryesorë makroekonomik, BPRM, Dhjetor 2014.
Banka Popullore e Republikës së Maqedonisë (2016), Indikatorët kryesorë makroekonomik.
BPRM, Prill 2016. Barro. R. (1995). Inflation and Economic Growth, NBER Working Paper, 5326.
Elmeskov, J. et M. MacFarlan (1993) “Persistence du chômage”, Revue Economique de l”OCDE, No 21, hiver, pp. 64-94.
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.
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.
Malinvaud, E., (1977) “The Theory of Unemployment Reconsidered”, p. 128. Blackwell-Oxford. Unemployment Problem." NBER Macroeconomics Annual1: 15-89.
Calmfors, L. and J. Drifill (1988). "Bargaining Structure, Corporatism and Macroeconomic Performance." Economic Policy (April): 13-61.
Lindbeck, A. and D. Snower, J., (1988). The Insiders-Outsiders Theory of Unemployment Cambridge MA, MIT Press.
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.
Josheski. D and Lazarov. D. (2012). New Keynesian Macroeconomics: Empirically tested in the case of Republic of Macedonia,
Samuelson. P. A. and Solow. R. M. (1960). Analytical aspects of anti-inflation policy. American Economic Review. 50 (2), pp. 177-194.
Kostadinov. A, Labour market policies in Macedonia, CEA, Skopje, April 2009, fq. 15-18.
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186