We are very delighted to present the special issue of Croatian Review of Economic, Business and Social Statistics (CREBSS) on advances in statistical modelling for economic policy-making. CREBSS is the first statistical journal established in Croatia and published by Croatian Statistical Association (CSA). Statistical modelling is essential for analysing various aspects of economic policy. Economic policy analysis has evolved considerably over decades with the development of statistical modelling. There are often public debates regarding the adequate responses of economic policy makers to economic fluctuations. Sound statistical modelling should provide the basis for appropriate decision-making at macro and micro level, and thus the issue of statistical modelling gains in importance. This special issue brings nine papers that cover using statistical research methods and models for the analysis of fiscal, monetary and energy policy, health and sports quantitative analysis, survey methods and price indices as well as digital society analysis. In the field of using statistical methods in fiscal policy making, Noveski (2018) brings the interesting analysis of the impact of budget deficit on economic fluctuations in the Republic of Macedonia, supporting the Ricardian equivalence theory. Namely, research outlines that budget deficit does not have statistically significant impact on GDP per capita. Moreover, Kanlić and Abdić (2018) assess the correlation among data on value added tax turnover available from monthly survey with data obtained on macroeconomic level in Bosnia and Herzegovina. Authors did not find statistically
The Social Accounting Matrix (SAM), together with the SESAME approach, proved highly useful in providing the basis for in-depth analyses of all the socio-economic flows in the developed economies. The aim of this paper, after initial explanation of the theoretical foundations of these methods for the development analysis, is to contribute to raising the awareness of the urgent necessity for developing and implementing these methodological approaches in the Republic of Macedonia. Special attention is paid to the analysis of the current situation related to the readiness of the national statistical system to provide all the necessary statistical data and logistical support for a more efficient preparation and implementation of these methodological approaches in the national economy. The paper analyses in detail the data describing particularly important aspects of the position of workers on the labour market aimed to be used as a basis for the SESAME approach. A comparative analysis with reference to the EU countries has been performed. The paper concludes by presenting practical recommendations which should, in our opinion, lead to preparation and implementation of the SAM and its extension (SESAME) in the Republic of Macedonia. The named should be used for the successful decision-making process related to creation and implementation of efficient macroeconomic and development policies in the country.Keywords: Macedonia, macroeconomic policies, SESAME, Social Accounting Matrix, sustainable development. Acknowledgments: We dedicate this paper to our families, for their continuous support and understanding.
The differentiation of generation's under the influence of technology has caused rapid and radical changes in the 21st century in social and economic aspect. The development of new technology is constantly changing the ways that people look for work, perform tasks, buy and make decisions. Generation Y and generation Z are the most technologically and media driven generations, experiencing the 4 th industrial revolution, economic and social turbulences and global changes. Hence, understanding the characteristics of generations Y and Z, and its chronological difference as well as the characters of the individuals is of importance not only for present analyses, but also for forecasting the future. In Macedonia, the rather high unemployment rate and risk of poverty create particular difficulties to economic progress of generations Y and Z. Minding the gaps in professional rise of Generation Y that occurs because of the unfavorable economic environment, we can optimistically rely our forecast that, the negative effects can be reduced for Generation Z, taking into account the positive trend of internet use and access to data, education and socialization. However, this assumption must be modeled properly in frame of proposed measure in order to create effective and sustainable furthering of Generation Z professional development, education and socialization. Appropriate economic policies on the national level are required in order to benefit the most from the potentials of generations Y and Z.
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