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Macedonia’s exports toward Southeast Europe through the gravity model

Mico Apostolov (UGD, Stip, Macedonia) (Università degli Studi di Torino, Torino, Italia)
Dushko Josheski (UGD, Stip, Macedonia)

Journal of Economic and Administrative Sciences

ISSN: 1026-4116

Article publication date: 22 February 2018

Issue publication date: 19 June 2018




The purpose of this paper is to examine the export performance of the Republic of Macedonia to its main trading partners from Southeast Europe; hence, the authors focus on the major importing countries which are most present in the Macedonian trade balance.


The data used in this paper are analyzed with gravity model, which has good characteristics and very stable performance. Further, the data sample is formed on major importers form the Southeastern Europe region.


The results show that the domestic country GDP is positively correlated with the exports from the source country to target countries and that Balkan countries have positive propensities to import from Macedonia, however, it was found that populations of source country and target country are negatively correlated with exports from the source country to target countries. Additionally, the business cycles had no positive effect on Macedonian export to the target countries.


Based on pertinent theoretical concepts and existing empirical findings, and by applying up-to-date methodological approach, case studies might bring vital contribution to the literature, which eventually leads to solid policy and practice.



This research is funded by UGD Research Fund – Contract No. 0307-98/77 of 01.11.2017.


Apostolov, M. and Josheski, D. (2018), "Macedonia’s exports toward Southeast Europe through the gravity model", Journal of Economic and Administrative Sciences, Vol. 34 No. 2, pp. 108-122.



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