practical application in Thirlwall's economic growth model in the case of the Republic of Macedonia. The estimation is based on … the estimated income elasticity of import in the Thirlwall's economic growth model shows that the growth rate of the …The purpose of this empirical research is estimation of the long-term price and income trade elasticities and their …

, monetary and fiscal policy, can affect the real economy. This paper presents an estimate of the investment function for the … term production capacity in the economy. Investment, also, is one of the channels through which macroeconomic policies …Investment is one of the crucial macroeconomic variables - it adds to the capital stock and thus determines the long …

effectiveness of the interest rate transmission channel in Macedonian economy. Based on the analysis for peg sustainability and … still existing problems in the functioning of the interest rate transmission channel, the main findings are that current … monetary policy strategy is still valid and regular monitoring of the environment that is changing dynamically is more then …

influence of structural breaks in the mean of inflation on the level of persistence. We find strong evidence for a break in the …We apply classical econometric method to characterize the dynamic behavior of the quarter-on-quarter inflation over the … period 1997q1-2010q1. In particular, we estimate univariate autoregressive (AR) models for the aggregate consumer price …

economic effects of FDI over the host country, having in mind their numerous direct and indirect effects. Besides the amount of … structural dimension. The main conclusion of the analysis is that the FDI inflows were important factor for GDP growth and export … findings regarding the type and sector distribution of the FDI inflows are very important for the policy makers and imply a …

of the study on emerging countries could help policy-makers design more appropriate policies for those countries. In this …. In a highly integrated and globalized world, the study of co-movement, or integration, is important because the results … study, we are trying to answer how much of economic volatility in Macedonia can be explained by shocks originating in the …

, the current account is viewed as the outcome of variations in macroeconomic "structural" determinants that influence the … sustainability of the Macedonian current account deficit using the structural model of the current account. According to this model … variables that had an effect on the Macedonian current account in the period 1998-2009, and that the sustainable level of the …