ANALYSIS OF THE EFFECTS OF THE ECONOMIC CRISIS IN GREECE ON THE MACEDONIAN ECONOMY

Borce Trenovski, Hristijan Risteski

Abstract


The deep economic crisis which currently is "shaking" our neighbour Greece emerged as a new variable in the predictions and planning of the economic activity along with all the main economic variables in the Macedonian economy. In this study we are attempting to determine the potential effects of the Greek economic crises on our economy, having in mind that our neighbour - Greece - is one of the bigger investors and trading partners of our country. The dominant part - the core of the analysis - will focus on determining the effects of the economic
crisis in Greece on: foreign effective demand of Macedonia (two scenarios), threatened export sectors and possible options for reducing the effect on those sectors (case study), the effects on the flows of foreign direct
investment, the effect of spreading the crisis outside the Greek economy (Euro zone), and other direct and indirect effects connected with the initially mentioned.

Keywords


Greek economic crises, foreign effective demand, export, FDI, Macedonian economy

Full Text:

PDF

References


IMF World Economic Outlook Database, April 2010

Ministry of Finance of RM - Bulletin: http://www.finance.gov.mk/node/34

"Cenovna i dohodna elasti~nost na izvozot i uvozot na Republika Makedonija i ekonomskiot

rast# trudot na NBRM, objaven maj 2007 od Kadievska-Vojnovi} i Uneska, dostapno:

http://nbrm.gov.mk/WBStorage/Files/Dohodna-i-cenovna-elasticnost-na-izvozot-i-uvozot.pdf

EUROSTAT Database http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/search_database

Fiscal strategy of the Republic of Macedonia 2010 - 2012

http://www.finance.gov.mk/files/u6/Fiskalna2010-2012_konecno_za_sobranie_1.pdf

NBRM Annual Report - 2009

http://www.nbrm.gov.mk/?ItemID=31460AE7ECA4DE4585DC1FA67A807D0A ;

IMF Country Report No. 10/19, January 2010, pp. 30

International Trade Center, Trade map (Trade Statistics for International Business Development)

"In and Out of Each Other's European Wallets"od NELSON D. SCHWARTZ,

objavena 30 April 2010 god vo The New York Times (Week in Review), dostapna na:

http://www.nytimes.com/2010/05/02/weekinreview/02schwartz.html

Market Analysis and Research, International Trade Centre (ITC)

Macroeconomic policy of R Macedonia - 2010

http://www.finance.gov.mk/files/u9/MAKRO_2010_final.pdf,

NBRM, Basic macroeconomic indicators

http://www.nbrm.gov.mk/?ItemID=750FC531FC3D1B49B16440313562D400

NBRM statistical base (external statistic)

http://www.nbrm.gov.mk/?ItemID=8BDCC1C146FD2641B79FE777934172EF

State Statistical Office Database of the R.M http://www.stat.gov.mk/pxweb2007bazi/dialog/statfile18.asp ,

http://www.stat.gov.mk/

World Economic Situation and Prospects 2010 -

http://www.un.org/esa/policy/wess/wesp2010files/wesp2010pr.pdf

World Economic Outlook Update 2010 - http://www.imf.org/external/pubs/ft/weo/2010/update/01/

World Economic Outlook Database, April 2010


Refbacks

  • There are currently no refbacks.