MACROECONOMIC ANALYSIS OF SOME INDICATORS OF MACEDONIAN ECONOMY IN THE PERIOD OF 2000-2020
MACROECONOMIC ANALYSIS OF SOME INDICATORS OF MACEDONIAN ECONOMY IN THE PERIOD OF 2000-2020

Summary/Abstract: This paper examines two major aspects, firstly, three logically linked theses between the following macroeconomics – related aggregate values: rate of GDP growth, growth of employment, growth of the real net salaries, and growth of labour productivity, via a Case Study of the country, while the second aspect it, examines refers to the conditions under which Macedonian economic growth might be stable in the term of the dynamics on the long run, by assessing the economic stability. According to the, neoclassical growth theory we are testing three theses in the defined intervals and timeseries through the four aggregates value during the period of 2000 to 2020 in case study of Macedonian economy, in order to explore the Macedonian strong stable and the dynamics economic growth on long run in future. The first thesis is that, there is a high correlation between the rate of growth of the employment and rate of growth of the GDP. Our second thesis is that, there is a high correlation between the increase in the number of employees and real GDP growth in the considered period. The third thesis is that, there is a high correlation between the increase in the average real net salary and real GDP growth in the considered period. Further research is necessary to seek conditions under which alternative economic growth paths are likely to become stable in the long-term perspective in case of the Macedonian economy.

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