IDEAS home Printed from https://ideas.repec.org/a/cmk/journl/y2012p57-70.html
   My bibliography  Save this article

The Role, Significance And Trend Of Construction Sector In Macedonia

Author

Listed:
  • Gjorgji Gockov

    (Faculty of Economics - Skopje)

  • Daniela Mamucevska

    (Faculty of Economics - Skopje)

  • Borce Trenovski

    (Faculty of Economics - Skopje, CEA member)

  • Biljana Tashevska

    (Faculty of Economics - Skopje)

Abstract

The theory has concluded, and the practice has confirmed numerous times, that the dynamic trends in construction influence the general economic activity of a country with a multiplier effect. More specifically, growth in the construction sector activity stimulates a revival of the total economic activity. Hence, the growth in this sector stimulates a faster economic growth of a country. The governments of many countries, including Macedonia, through macroeconomics policies, encourage and stimulate construction activities with an ultimate goal to sooth recession trends in the economy. In order to reduce unemployment and strengthen aggregate demand, especially in crisis times,30 governments often engage in financing and building public objects. First in this paper we give a short review of why and how the developments in construction are usually analyzed, with an emphasis on the methodology implemented by the State Statistical Office of the Republic of Macedonia; further we make an analysis of the role and significance of the construction sector in Macedonia and finally we review the EU experiences. Having this in mind and considering the fact that thus far a more serious and detailed analysis of the construction sector in Macedonia has not been done, with this paper we aim at giving a humble contribution, which would clear the way for further analyses and researches of this relevant sector of the economy.

Suggested Citation

  • Gjorgji Gockov & Daniela Mamucevska & Borce Trenovski & Biljana Tashevska, 2012. "The Role, Significance And Trend Of Construction Sector In Macedonia," Journal Articles, Center For Economic Analyses, pages 57-70, June.
    • Handle: RePEc:cmk:journl:y:2012:p:57-70
    as

    Download full text from publisher

    File URL: http://journal.cea.org.mk/files/journals/1/articles/6/public/6-23-1-PB.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vlatka Bilas & Sanja Franc, 2011. "Liberalization Among Developing Countries," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 10, pages 141-155, Institute of Economic Sciences.
    2. Amir Hadziomeragic & Malgorzata Jakubiak & Nermin Oruc & Wojciech Paczynski, 2007. "Regional Free Trade Agreements of Bosnia and Herzegovina: analysis and policy recommendations," CASE Network Reports 0069, CASE-Center for Social and Economic Research.
    3. Predrag Bjelić & Danijela Jaćimović & Ivan Tašić, 2013. "Effects Of The World Economic Crisis On Exports In The Ceec: Focus On The Western Balkans," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 58(196), pages 71-98, January –.
    4. Ljiljana Pjerotić, 2008. "Trade Liberalization in the South East Europe Effects and Controversial Issues," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(4), pages 497-522, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dushko Josheski & Darko Lazarov, 2012. "Nominal Effective Exchange Rate Neutrality: The Case Of Macedonia," Journal Articles, Center For Economic Analyses, pages 17-24, June.
    2. Malay Kanti Roy & Hirak Ray & Tamojit Roy, 2012. "Benefits From International Diversification: Indian Experiences," Journal Articles, Center For Economic Analyses, pages 5-16, June.
    3. MSc. Arjan Tushaj & PhD. Valentina Sinaj, 2012. "What About The Relationship Between Banking Competition And Financial Stability? Case Of Albania," Journal Articles, Center For Economic Analyses, pages 25-32, June.
    4. GoranKovachev, 2012. "Agricultural Credit Discount Fund €“ Agribusiness Support Credit Line In Macedonia," Journal Articles, Center For Economic Analyses, pages 41-55, June.
    5. Fatih Macit, 2012. "What Determines The Non-Performing Loans Ratio: Evidence From Turkish Commercial Banks," Journal Articles, Center For Economic Analyses, pages 33-39, June.
    6. Safet Kurtovic & Boris Siljkovic & Boban Dasic, 2013. "The Effect Of Non-Tariff Barriers On Trading Flows Bosnia And Herzegovina Within Cefta 2006," Journal Articles, Center For Economic Analyses, pages 5-22, December.
    7. Jelena Trivic & £ukasz Klimczak, 2015. "The determinants of intra-regional trade in the Western Balkans," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 33(1), pages 37-66.
    8. Radovan Kastratović, 2020. "The impact of foreign direct investment on host country exports: A meta‐analysis," The World Economy, Wiley Blackwell, vol. 43(12), pages 3142-3183, December.
    9. Botrić Valerija & Broz Tanja, 2016. "Competitiveness, Trade with the EU and Labour Markets: Challenges for the Western Balkans," South East European Journal of Economics and Business, Sciendo, vol. 11(2), pages 20-32, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cmk:journl:y:2012:p:57-70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marjan Nikolov (email available below). General contact details of provider: https://edirc.repec.org/data/ceaskmk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.