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    <title>EconStor Collection:</title>
    <link>https://hdl.handle.net/10419/147454</link>
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    <pubDate>Thu, 30 Apr 2026 04:39:34 GMT</pubDate>
    <dc:date>2026-04-30T04:39:34Z</dc:date>
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      <title>The relationship between economic growth, oil production, energy consumption and carbon dioxide emissions: Evidence from selected OPEC countries</title>
      <link>https://hdl.handle.net/10419/298731</link>
      <description>Title: The relationship between economic growth, oil production, energy consumption and carbon dioxide emissions: Evidence from selected OPEC countries
Authors: Anh Tru Nguyen
Abstract: The article aims to investigate the relationship between economic growth, oil production, energy consumption and CO2 emissions in five OPEC countries for the last four decades (1978-2017). We found that per capita energy consumption has a negative relationship with per capita GDP while per capita CO2 emissions positively affect per capita GDP. Per capita GDP negatively affects oil production, but per capita energy consumption has a positive relationship with oil production. Further, per capita CO2 emissions have a positive relationship with oil production. Per capita energy consumption negatively influences per capita CO2 emissions. We also found that there is a directional relationship running from per capita GDP to oil production, per capita energy consumption and per capita CO2 emissions and from per capita CO2 emissions to per capita energy consumption. The Johansen co-integration test shows that there is a long run relationship among variables. Our finding supports the conservation hypothesis that means the growth of GDP in these countries is found as a result of increasing energy consumption.</description>
      <pubDate>Wed, 01 Jan 2020 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/298731</guid>
      <dc:date>2020-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Cluster analysis of separate indicators of the banking systems of North Macedonia, the EU Member States and the Balkan countries</title>
      <link>https://hdl.handle.net/10419/298735</link>
      <description>Title: Cluster analysis of separate indicators of the banking systems of North Macedonia, the EU Member States and the Balkan countries
Authors: Stojanova Ivanovska, Emilija
Abstract: In this paper, a multivariate analysis of the computer statistics, i.e. the Cluster analysis of the banking system concentration indicators and the financial intermediation and portfolio quality indicators by applying the complete linkage and the Ward's linkage method are presented. The main idea is to find out whether the level of banking system concentration and degree of financial intermediation in banking system of North Macedonia is similar or closer to any of the EU Member States or the Balkan countries. Furthermore, since the appropriately modified analyses were performed also with the structural indicators of the banking system and results obtained 10 years ago, the objective is to see whether there are any positive shifts in the similarity of the analysed characteristics of the banking system in North Macedonia to a particular country or group of countries. In the conducted cluster analysis made by applying the method of complete linkage to the indicators of concentration of the banking sector, North Macedonia is grouped first with the Slovak Republic and then with Croatia which means that the similarity of the values of these indicators of these countries is the largest. Regarding the outcome of the second cluster analyses, of the indicators of financial intermediation and portfolio quality by using two comparative clustering methods, North Macedonia is grouped with Montenegro in the penultimate cluster and then this cluster is grouped with Serbia, which confirms that the level of financial intermediation in these Balkan countries is lower compared to the EU Member States, but on the other side the quality of the portfolio is good.</description>
      <pubDate>Wed, 01 Jan 2020 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/298735</guid>
      <dc:date>2020-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Financial crisis implications on the fiscal and monetary policy of eu countries with econometric modeling support</title>
      <link>https://hdl.handle.net/10419/298733</link>
      <description>Title: Financial crisis implications on the fiscal and monetary policy of eu countries with econometric modeling support
Authors: Ilieva, Marijana
Abstract: The financial crisis that hit Europe in 2008 affected many spheres of the EU members' economies. It had drastic effects on the countries' economic activity, consumer spending, banking system liquidity, as well as negative impacts on interest rates and budget balances of the EU member states. This paper will examine the reaction of the EU member counties to the financial crisis, specifically, the use of fiscal and monetary policy to deal with such negative shock, with greater emphasis on the econometric support and background of these practices. Although extensive research and conclusions can be made by analyzing the response and results of the policies to the financial crisis, this paper aims to provide concrete econometric support to some of the practices derived from the crisis. Econometric modeling will be carried out in order to give stronger support to previous statements concluded in the paper and test relationships between certain variables. All econometric analyzes were made using the EViews software package.</description>
      <pubDate>Wed, 01 Jan 2020 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/298733</guid>
      <dc:date>2020-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Determinants of non-performing loans and the relationship with macroeconomic factors: Evidence from Southeastern Europe</title>
      <link>https://hdl.handle.net/10419/298734</link>
      <description>Title: Determinants of non-performing loans and the relationship with macroeconomic factors: Evidence from Southeastern Europe
Authors: Ristevska, Maja
Abstract: Despite significant progress in this area, the problem of non-performing loans continues to receive central attention in the banking systems of the SEE countries after the 2008/2009 crisis, reducing the profitability and resource utilization of banks. The purpose of this paper is to investigate the determinants of non-performing loans and their effect on the macroeconomic situation in Southeast Europe. First, in order to test the relationship between credit risk and certain balance sheet and macroeconomic indicators, we create a model that uses annual panel data for 5 Southeast European countries for the period 2008-2017. The results show that profitability has a negative impact on nonperforming loans, while credit growth and capitalization rate have a positive and statistically significant impact on the non-performing loan portfolio. The second part of the econometric analysis consists of examining the cointegration, i.e. long-term and short-term relationships between non-performing loans and macroeconomic variables. The results imply that in conditions of higher unemployment, slower economic growth and falling prices, credit risk increases in the long run. Such conclusions are robust when using alternative valuation methods on the longterm relationship. However, in the short run, only GDP has an inverse statistically significant relationship with non-performing loans, while unemployment and inflation have proved to be statistically insignificant, although the relationship between them and nonperforming loans has the same direction as in the long- run model. Such conclusions are generally consistent with both the theory and the numerous studies that have been done on this topic.</description>
      <pubDate>Wed, 01 Jan 2020 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/298734</guid>
      <dc:date>2020-01-01T00:00:00Z</dc:date>
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