Development of the Macedonian Business Sector and Its Innovation Activities from the Early Transition Years until Today (1991-2021)

Marica Antovska-Mitev and Tatjana Drangovska

Economic Studies journal, 2022, issue 6, 80-97

Abstract: The paper provides a qualitative assessment of the development of the Macedonian business sector and its innovation activities from the early transition years until today (1991-2021). In this article, firstly is reviewed the development of the Macedonian business sector in the analysed period. In this section, special emphasis is placed on the number of active business entities, their sectoral distribution, the institutional infrastructure in the country to support the private sector, etc. Then, an analysis of the innovativeness of the Macedonian business sector in the early transition period and in the period after 2010 was made. In the paper, data related to the labour productivity of the enterprises are also analysed. The analysed data on the innovativeness and productivity of the Macedonian enterprises is compared with the European average. This analysis points to a significant lag in the Macedonian business sector in terms of innovativeness and productivity compared to the EU average. At the end of the paper, conclusions that summarise the weaknesses and achievements of the Macedonian business sector in the past 30 years are given and there are noted areas in which special action should be taken in order for the current situation to be improved.

JEL-codes: O3 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2022:i:6:p:80-97

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