BOOK OF ABSTRACTS - University American College Skopje

OUT OF THE CRISIS: EU ECONOMIC AND SOCIAL POLICIES RECONSIDERED8 th Annual international conference on European integrationIgor Ivanovski, MSc, Ass. Prof. Dragan Tevdovski, PhDUniversity Ss. Cyril and Methodius, Faculty of Economics – Skopje, Macedoniaivanovski@eccf.ukim.edu.mk; dragan@eccf.ukim.edu.mkIncome Inequalities in SEE Countries and the Way Out of the CrisisThe rising income inequalities are one of the most important structural reasons of the globaleconomic crisis. We focus on the income inequality in the countries from South-East Europe (SEE).The inequalities increased significantly in the most of the SEE countries until 2009, while the two EUmember countries are characterized by the decreasing trend of income inequalities after joining EU.Macedonia has the highest income inequality. We emphasize two factors of the rising inequality inthe SEE region: the implementation of neoliberal economic ideology by governments and thedistortion of legal system by political elites. The influences of these factors proxies on the GINI indexare quantified by the panel regression model.Keywords: income inequality, GINI index, neoliberal model, panel regression, South-East Europe.BiographyDragan Tevdovski is Assistant Professor at Faculty of Economics, University Sts. Cyril and Methodius.His primary research interests include econometrics, macroeconomic policy and labor markets. He iscoauthor of the two university textbooks “Statistics for business and economics” and “Introductionin the time series”. He is also author of 31 scientific papers and 5 policy papers. Coauthors of someof the papers are professors from USA and EU. There are papers published in European Journal ofInternational Management and Journal for Economic Forecasting. In 2012, he won Annual GDNResearch Competition for examination of fiscal and monetary policy interactions in SEE countrieswith fixed exchange rate regime.