Resource information
This report deals with medium and
long-term growth issues rather than the challenges posed by
the world financial crisis, the structural policy options
presented in the report become even more important in that
context, and can help to partially mitigate the impact of
the crisis on Macedonia. Section B looks at poverty and
inequality issues. Section C examines Macedonia's past
growth in terms of total factor productivity analysis,
drawing the connection with labor and capital, and within
these broad factors, human capital and infrastructure. It
also compares Macedonia's growth to a successful
regional comparator, Slovakia. Section D benchmarks
Macedonia's performance in important policy areas that
could affect growth relative to comparator countries. It
also estimates how much improved performance in these areas
could raise potential growth. Section E looks at efficiency
in public expenditure and public investment important issues
in raising growth. Section F summarizes these analyses and
makes some initial recommendations.
