Former Yugoslav Republic of Macedonia: Selected Issues

September 3, 2015

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Former Yugoslav Republic of Macedonia: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This Selected Issues paper analyzes export competitiveness in the Former Yugoslav Republic of Macedonia (FYR Macedonia). Export performance in FYR Macedonia has been strong over the last decade, critically contributing to overall growth. Exports have been re-oriented toward new products with higher technological content, allowing for the build-up of revealed comparative advantages in these products. The analysis based on Constant Market Share analysis shows that the overall competitiveness gap of FYR Macedonia with respect to other emerging European countries has narrowed. There appears to be significant room for quality improvement, including for the most successful export products. Although the contribution of exports to GDP growth has been significant, spillover into the domestic tradable sector from the foreign investment led export sector remains limited so far.

Subject: Budget planning and preparation, Export performance, Exports, Fiscal policy, Fiscal rules, International trade, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, Center, Competitiveness gap, CR, Eastern Europe, Europe, Export growth, Export performance, Exports, Exports of product, Firm, Fiscal rules, FYR, FYR Macedonia, General government debt, Global, ISCR, Liquidity constraint, Renewed stimulus

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/243
Stock No:

1MKDEA2015003
ISBN:

9781513551395
ISSN:

1934-7685

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