Irena Kikerkova – UKIM, Faculty of Economics – Skopje, Blvd. “Goce Delcev” 9V, 1000, Skopje, North Macedonia
Elena Naumovska – UKIM, Faculty of Economics – Skopje, Blvd. “Goce Delcev” 9V, 1000, Skopje, North Macedonia
Katerina Toshevska-Trpchevska – UKIM, Faculty of Economics – Skopje, Blvd. “Goce Delcev” 9V, 1000, Skopje, North Macedonia
Elena Makrevska Disoska – UKIM, Faculty of Economics – Skopje, Blvd. “Goce Delcev” 9V, 1000, Skopje, North Macedonia
DOI: https://doi.org/10.31410/ERAZ.S.P.2019.27
5th International Conference – ERAZ 2019 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Budapest – Hungary, May 23, 2019, SELECTED PAPERS
Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia;
ISBN 978-86-80194-21-9, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2019
Abstract
In 2017 the authors of this paper created a Vector Error Correction Model to measure the
impact of the Technological Development Industrial Zones (TDIZ) on attracting FDI in the country.
TDIZ, as an exemption of the regular customs territory, enjoyed preferential treatment for foreign
investors. The model confirmed the positive effect that TDIZ had upon the balance of payments; however,
the expected effect upon diminishing the high unemployment rate in the country was lacking. This
paper is going to compare the latest revision of the policy on investment support in the country with the
previous one.
Key words
FDI, Technological Development Industrial Zones (TDIZ), incentives for foreign investors,
investment policy, Vector Error Correction Model, the Republic of North Macedonia.
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