This paper measures the effects of certain customs and administrative procedures on trade between the countries of South-Eastern Europe in the period 2008-2012. Following OECD methodology, we employ the augmented gravity model. The empirical results suggest that the number of days spent at the...

The main aim of this research is to investigate the cyclical behavior of fiscal policy with respect to output gap fluctuations in the Republic of Macedonia during the period 1991-2009. We use two different fiscal policy measures: 1) the cyclically unadjusted primary budget balance and 2) the...