ANALYSIS OF COMPONENTS OF REGIONAL AND STRUCTURAL CHANGES IN NORTH MACEDONIA
ANALYSIS OF COMPONENTS OF REGIONAL AND STRUCTURAL CHANGES IN NORTH MACEDONIA

Summary/Abstract: The paper presents the economic structure of North Macedonia after independence. Given the fact that the economic structure is strongly related to the development of a country, which is presented with GDP and it is taken as an indicator of analysis.The analysis of the regional components change identifies which sectors of the economy develop faster and which grow more slowly compared to the regional average. The result of the empirical analysis indicates a depressing economic structure in both North Macedonia and Kosovo. Such a structure does not enable accelerated economic development, because the areas that contribute most to economic development are depressing and characterized by limited accumulation. The specialization of areas for GDP production, determines which sectors have comparative advantages and, as such are specialized (allotment effect 4) or have advantages but are not specialized (allotment effect 3). Also are identified sectors that are comparatively weak and not well specialized (allotment effect 2) or comparatively but not specialized as such (al effect; occupational 1).

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