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Economic growth agenda: The effects of full utilisation of capital budgets among statistical planning regions in North Macedonia

dc.contributor.authorGarvanlieva Andonova, Vesna
dc.contributor.authorNikolov, Marjan
dc.contributor.authorVelkovska, Ivana
dc.contributor.authorPetrovska, Ana Marija
dc.date.accessioned2022-03-10T18:33:19Z
dc.date.available2022-03-10T18:33:19Z
dc.date.issued2021-12-30
dc.identifier.issn1231-1952
dc.identifier.urihttp://hdl.handle.net/11089/41151
dc.description.abstractNorth Macedonia can improve its economic growth by addressing the infrastructure gap by at least full capital budget utilisation. The outturn/execution of capital budget expenditures is low and in relative terms decreasing. The planned public finances for regional balanced development are also low and non-compliant with the legally set levels. A test of several hypothetical scenarios of full capital budget utilisation it is expected to positively contribute to the economic growth immediately and in the period to follow. Even if total debt increases in nominal terms, in relative terms the debt-to-GDP on a longer-run reduces through generating additional economic output.en
dc.language.isoen
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesEuropean Spatial Research and Policy;2en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0
dc.subjectregional developmenten
dc.subjectinfrastructureen
dc.subjectexternal debten
dc.subjectNorth Macedoniaen
dc.subjectcapital expenditureen
dc.subjectpublic investmentsen
dc.titleEconomic growth agenda: The effects of full utilisation of capital budgets among statistical planning regions in North Macedoniaen
dc.typeArticle
dc.page.number131-146
dc.contributor.authorAffiliationGarvanlieva Andonova, Vesna - Center for Economic Analyses (CEA), blvd. Jane Sandanski 63/3, 1000 Skopje, Republic of North Macedoniaen
dc.contributor.authorAffiliationNikolov, Marjan - Center for Economic Analyses (CEA), blvd. Jane Sandanski 63/3, 1000 Skopje, Republic of North Macedoniaen
dc.contributor.authorAffiliationVelkovska, Ivana - Center for Economic Analyses (CEA), blvd. Jane Sandanski 63/3, 1000 Skopje, Republic of North Macedoniaen
dc.contributor.authorAffiliationPetrovska, Ana Marija - Center for Economic Analyses (CEA), blvd. Jane Sandanski 63/3, 1000 Skopje, Republic of North Macedoniaen
dc.identifier.eissn1896-1525
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dc.referencesGOVERNMENT OF THE REPUBLIC OF NORTH MACEDONIA (2017), Program of the Government 2017–2020.en
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dc.referencesINTERNATIONAL MONETARY FUND (2014), ‘Is it Time for an Infrastructure Push? The Macroeconomic Effects of Public Investment’, International Monetary Fund, World Economic Outlook: Legacies, Clouds, Uncertainties, Chapter 3, pp. 75–114. https://doi.org/10.5089/9781484372265.081en
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dc.contributor.authorEmailGarvanlieva Andonova, Vesna - vesna_nl@yahoo.com
dc.contributor.authorEmailNikolov, Marjan - makmar2000@yahoo.com
dc.contributor.authorEmailVelkovska, Ivana - ivana89velkovska@gmail.com
dc.contributor.authorEmailPetrovska, Ana Marija - petrovska.anamarija@yahoo.com
dc.identifier.doi10.18778/1231-1952.28.2.07
dc.relation.volume28


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