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Kristina Velichkovska

International Balkan University

SCHOLARLY PAPERS

20

DOWNLOADS

244

TOTAL CITATIONS

0

Scholarly Papers (20)

1.

Bankruptcy trends among european football clubs

Number of pages: 9 Posted: 20 Apr 2026
International Balkan University, American University of the Middle East, Zayed University, affiliation not provided to SSRN and Lappeenranta-Lahti University of Technology (LUT)
Downloads 21 (1,509,872)

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football clubs, financial performance, bankruptcy, Europe, Z score, S score, X score, European football, Financial Stability, Altman’s Z-score, Springate S-score, Zmijewski X-score

2.

Local Government Financial Performance in North Macedonia: A Quantitative Evaluation Under Decentralization

Number of pages: 14 Posted: 20 Apr 2026
Kristina Velichkovska and Angela Zafirova
International Balkan University and Institute of Economics
Downloads 20 (1,500,778)

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financial indicators, municipalities, Republic of North Macedonia, fiscal decentralization, financial performance management index (FPMI)

3.

Empowering Sustainable Growth Through Emerging Technologies in Serbia and North Macedonia

Economic Analysis, 2021[10.28934/ea.10490]
Number of pages: 20 Posted: 29 Apr 2026
Kristina Velichkovska, Petar Mitić and Milena Kojić
International Balkan University, Institute of Economic Sciences Belgrade and Institute of Economic Sciences Belgrade
Downloads 19 (1,481,165)

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emerging technologies, digital transformation, dustainable development, Innovation, Serbia, North Macedonia, technology adoption

4.

Macroeconomic Approach of the Pandemic COVID -19

TEFMJ 2(1), 62-67, https://tefmj.ibupress.com/articles/macroeconomic-approach-of-the-pandemic-covid-19
Number of pages: 6 Posted: 22 Apr 2026
Liza Alili Sylejmani, Kristina Velichkovska, Afrim Alili and Ahmet Lokce
International Balkan University, International Balkan University, University of Tetovo and Independent
Downloads 19 (1,518,554)

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pandemic COVID-19, CESI index, economic growth, fiscal stimulus, monetary stimulus, COVID-19 Economic Stimulus Index, Elgin et al. (2020), Macroeconomic Policy

5.

Economic Consequences and Recovery Processes From Covid-19 in North Macedonia

Number of pages: 35 Posted: 24 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 18 (1,518,554)

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COVID-19, North Macedonia, Economic Recovery, Fiscal Stimulus, Labor Market, Transition Economies, Public Debt, Inflation.

6.

Impact Assessment of COVID-19 on the Tourism Industry in North Macedonia

Number of pages: 8 Posted: 22 Apr 2026
Kristina Velichkovska, Besnik Mustafa and Bojan Georgievski
International Balkan University, University of Edinburgh and American University of the Middle East
Downloads 17 (1,491,251)

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Tourism, COVID-19, Economic impact, North Macedonia

7.

Do the Western Balkan Countries Benefit From the Increased Competitiveness in Their Economies?

 Trends in Economics, Finance and Management Journal, 1 (1), 1-9, https://tefmj.ibupress.com/articles/do-the-western-balkan-countries-benefit-from-the-increased-competitiveness-in-their-economies-
Number of pages: 9 Posted: 06 Apr 2026
Kristina Velichkovska and Violeta Madzova
International Balkan University and International Balkan University
Downloads 15 (1,509,872)

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competitiveness, productivity, economic development, export, employment rate, Western Balkans, EU Accession, Export Performance, Regional Integration

8.

FROM TRANSITION TO TRANSFORMATION: AN ECONOMIC ANALYSIS OF NORTH MACEDONIA (1991-2023)

Number of pages: 444 Posted: 20 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 14 (1,526,714)

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Labor Market, North Macedonia, Labor Productivity, Unemployment, Brain Drain, FDI, Transition Economies, Skills Mismatch, COVID-19

9.

COMMUNICATION DIFFERENCES AND CONFLICT RESOLUTION IN INTERNATIONAL BUSINESS ENVIRONMENT

International Scientific Conference – EMAN 2020, 85-92, September 2020, Selected Papers Association of Economists and Managers of the Balkans, Belgrade, Serbia, https://doi.org/10.31410/EMAN.S.P.2020.85 
Number of pages: 8 Posted: 20 Apr 2026
Kristina Velichkovska and Slagjana Stojanovska
International Balkan University and affiliation not provided to SSRN
Downloads 13 (1,566,597)

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Cross-cultural communications, Multicultural teams, Hofstede, North Macedonia

10.

The Budgeting Process in the Republic of North Macedonia During Covid-19 Pandemic

Number of pages: 8 Posted: 24 Apr 2026
Violeta Madzova, Bardhyl Dauti and Kristina Velichkovska
International Balkan University, University of Tetova and International Balkan University
Downloads 12 (1,561,096)

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Budgeting process, Budget Execution, Budget Approval, public finance management, crisis budgeting, North Macedonia, fiscal policy, COVID-19

11.

ESTIMATING THE BILATERAL FOREIGN DIRECT INVESTMENT FLOWS IN TRANSITION ECONOMIES

Trends in Economics, Finance and Management Journal, 3(2), 5-11, December 2021, https://tefmj.ibupress.com/articles/estimating-the-bilateral-foreign-direct-investment-flows-in-transition-economies
Number of pages: 11 Posted: 20 Apr 2026
Kristina Velichkovska, Violeta Madzova and Bardhyl Dauti
International Balkan University, International Balkan University and University of Tetova
Downloads 11 (1,541,665)

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FOREIGN DIRECT INVESTMENT, TRANSITION COUNTRIES, PANEL ECONOMETRICS, GRAVITY MODEL, PPML, Tobit, GLS, Gravity Model, SEE-5, CEE-10, EU-14, Institutional Quality, Transaction Costs

12.

THE EFFECT OF SOCIAL EXPENDITURES ON INCOME INEQUALITY IN POST-SOCIALIST AND CAPITALIST COUNTRIES: A PANEL DATA ANALYSIS

https://tefmj.ibupress.com/articles/the-effect-of-social-expenditures-on-income-inequality-in-post-socialist-and-capitalist-countries-a-panel-data-analysis, TEFMJ, 3(1), 50-64, June 2021, Skopje, North Macedonia, http://tefmj.ibu.edu.mk/wp-content/uploads/2021/07/tefmj-Vol3.-Issue-1-50-64.pdf 
Number of pages: 15 Posted: 20 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 9 (1,561,096)

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INCOME INEQUALITY, SOCIAL EXPENDITURES, PANEL DATA ANALYSIS H53, Comparative Analysis, Post-Socialist vs Capitalist, Gini Index

13.

Improving the Standard of Living through Better Budget Transparency in the Balkan Region

Number of pages: 15 Posted: 20 Apr 2026
Kristina Velichkovska and Bojan Georgievski
International Balkan University and American University of the Middle East
Downloads 9 (1,579,934)

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budget transparency, human development index, GDP per capita, Balkan countries

14.

GOVERNMENT EXPENDITURES EFFECTS ON ECONOMIC GROWTH IN THE REPUBLIC OF MACEDONIA

Number of pages: 10 Posted: 20 Apr 2026
Kristina Velichkovska and Sc. Luljeta Sadiku
International Balkan University and International Balkan University
Downloads 9 (1,571,455)

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government expenditures, economic growth, regression models, VAR

15.

THE IMPACT OF PRICE ON CONSUMER'S BUYING BEHAVIOR IN NORTH MACEDONIA: CASE STUDY OF 'VIOLETA' WET WIPES

5th InTraders International Conference on International Trade, Conference Proceedings Book, 80-97, 13-17 April, 2020, Istanbul, Turkey, https://www.intraders.org/october/wp-content/uploads/2020/08/The-5th-InTraders-International-Conference-on-International-Trade-Proceeding-Book.pdf
Number of pages: 18 Posted: 20 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 8 (1,566,597)

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price, consumer's buying behavior, North Macedonia JEL Codes: D4, D11, L66

16.

INVESTIGATING THE EXISTENCE OF THE OKUN'S LAW IN NORTH MACEDONIA

https://tefmj.ibupress.com/articles/investigating-the-existence-of-the-okun-s-law-in-north-macedonia, Trends in Economics, Finance and Management Journal, 3(2), 52-60, December 2021, Skopje, North Macedonia, http://tefmj.ibu.edu.mk/wp-content/uploads/2022/01/Paper-Kristina-Okun.pdf
Number of pages: 9 Posted: 20 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 7 (1,571,455)

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OKUN'S LAW, UNEMPLOYMENT, GDP GROWTH, NORTH MACEDONIA, ARDL Model, Youth Unemployment, Long-run relationship

17.

THE IMPACT OF PUBLIC DEBT ON THE ECONOMIC DEVELOPMENT OF NORTH MACEDONIA

https://tefmj.ibupress.com/articles/the-impact-of-public-debt-on-the-economic-development-of-north-macedonia, Trends in Economics, Finance and Management Journal, 4(1), 33-44, June 2022, Skopje, North Macedonia, http://tefmj.ibu.edu.mk/wp-content/uploads/2022/07/THE-IMPACT-OF-PUBLIC-DEBT-ON-THE-ECONOMIC-DEVELOPMENT-OF-NORTH-MACEDONIA.pdf 
Number of pages: 12 Posted: 20 Apr 2026
Kristina Velichkovska and Nehat Ramadani
International Balkan University and University of Tetovo
Downloads 7 (1,561,096)

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public debt, public finance, North Macedonia, Debt-to-GDP Ratio

18.

The Causal Relationship Between Income Inequality and Educational Attainment

Journal of the Institute of Economics - Skopje, Year. 24 No. 4/ 2022, 94-109, https://www.doi.org/10.55302/ED22244094v
Number of pages: 17 Posted: 20 Apr 2026
Kristina Velichkovska and Bojan Georgievski
International Balkan University and American University of the Middle East
Downloads 6 (1,571,455)

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income inequality, educational attainment, OECD, PISA, I3, north macedonia, gini, mean years of schooling

19.

THE INTERCONNECTEDNESS OF NET PRIMARY INCOME AND NET CURRENT TRANSFERS IN NORTH MACEDONIA'S FOREIGN ECONOMIC RELATIONS

Trends in Economics, Finance and Management Journal, 5(2), 37-43, December 2023, Skopje, North Macedonia, https://tefmj.ibupress.com/articles/the-interconnectedness-of-net-primary-income-and-net-current-transfers-in-north-macedonia-s-foreign-economic-relations
Number of pages: 7 Posted: 20 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 5 (1,575,921)

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North Macedonia, net primary income, net current transfers, foreign economic relations, Balance of Payments F21, F24, F32, Remittances

20.

The Competitiveness Position of The Republic Of North Macedonia: Opportunities And Weaknesses 1

InTraders International Trade Academic Journal, 0[10.55065/intraders.1132830 ]
Number of pages: 18 Posted: 20 Apr 2026
Kristina Velichkovska
International Balkan University
Downloads 5 (1,575,921)

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competitiveness, competitive advantage, REER, GCI, external trade JEL Codes: F10, O24, P45, north macedonia, competitiveness position, opportunities